Argentina’s industrial production surged 7.1% year-on-year in January 2025, marking the second month of growth after 18 months of contraction. Despite continued growth in most sectors, the pace is moderating. Monthly production saw a decrease of 1.3%, reversing the previous month’s gain.
In January 2025, Argentina’s industrial production rose by 7.1% compared to January 2024, indicating a positive trend for the second consecutive month after an 18-month period of decline. However, this growth rate showed a decline from December’s impressive increase of 8.4%. Major sectors contributed to this growth, albeit at a slower rate, with machinery and equipment rising by 10.9%, manufacturing up by 25.1%, food and beverages experiencing a growth of 6.6%, and equipment, devices, and instruments expanding by 50.7%. Notably, basic metals remained in contraction, with a decrease of 7.9%.
Other sectors like oil refining, coke, and nuclear fuel saw a rise of 6.4%, up from 4.1% the previous month, and the wood, paper, publishing, and printing sectors also improved slightly to 1.1%, compared to 0.3% in the prior month.
On a seasonally adjusted monthly basis, industrial output saw a decline of 1.3%, which is a reversal from the previous month’s small gain of 0.2%. This dip suggests potential volatility in the industrial sector despite the year-on-year gains.
Argentina’s industrial output has shown signs of recovery with a 7.1% year-on-year increase in January 2025, following significant contractions. While several key sectors are expanding, the rate of growth has been moderating, and some sectors, particularly basic metals, continue to struggle. A seasonal adjustment reveals a monthly decline, highlighting the challenges ahead despite the overall positive trend.
Original Source: www.tradingview.com
