Buenos Aires Times

economy ECONOMIC INDICATORS

Industrial output in December fell 14.7% in annual comparison, says INDEC

Eighth consecutive month of decline for output; industry contracted 5% in 2018 overall.

Tuesday 5 February, 2019
Manufacturing shrank by almost seven percent in October, compared to the same month the previous year.
Manufacturing shrank by almost seven percent in October, compared to the same month the previous year. Foto:NA

More Economy News

Industrial output fell by 14.7 percent in the last month of last year in the annual comparison, the INDEC national statistics bureau revealed today. 

It marked the eighth consecutive month of decline.

According to the bureau, Argentina's industrial output in December was the worst registered of 2018, a year in which industry contracted by five percent overall amid recession and a currency crisis.

In November, the index had registered shrinkage of 13.3 percent year-on-year, following on from contractions of 6.8 percent in October and 11.5 percent in September.

December's decline was led by falls in the manufacture of agricultural machinery (down 48.3 percent), textiles (down 36.3 percent), automobiles (down 25.1 percent) and the basic metals (down 21.3 percent).

- TIMES/AFP

 

Poll

Op-Ed

Top Stories

  1. 1Coca-Cola FEMSA files for crisis prevention proceedingsCoca-Cola FEMSA files for crisis prevention proceedings
  2. 2Drug-trafficking arrests totalled 64k during Macri gov't, says Security Ministry
  3. 3Second Trump-Kim summit brings the possibility of a peace declaration
  4. 4US Ambassador Prado arrives in Argentina bringing message of cooperation, openness
  5. 5Fernández de Kirchner's corruption trial pushed back to May
  6. 6Venezuela's Maduro closes Brazil border to block humanitarian aid
  7. 7Economy set for slow recovery in 2019, experts say
  8. 8Peso closes at $40.71 to the dollar as demand for US currency spikes
  9. 9The fight against corruption in Argentina
  10. 10Chile's Piñera sparks talks on Prosur, new union to replace fractured Unasur