Argentina: Industrial output growth eases to 10-month low in January
Latest reading: Industrial output grew 7.1% compared to the same month of the previous year in January, which was a deterioration from December’s 8.7% increase. The figure was largely driven by weaker readings for machinery and equipment and basic metals output. In contrast, readings for food and beverages and automotive vehicles production improved.
On a seasonally adjusted monthly basis, factory output fell 1.3% in January (December: 0.0% mom), the worst result since March 2024. Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 8.1% in January, up from December’s minus 9.4% reading.