Argentina: Manufacturing production shrinks more slowly in January
Latest reading: Manufacturing production fell 3.2% in annual terms in January, following a 4.0% fall in the previous month.
Relative to the prior month’s data, the reading for chemical products improved in January (+7.2% on a year-on-year basis vs +0.9% in December). In contrast, readings softened for machinery and equipment (-20.2% vs -15.1% in December), basic metals (+0.2% vs +7.1% in December), automotive vehicles (-25.7% vs -21.6% in December) and food and beverages (-0.7% vs +0.8% in December).