Argentina’s industrial production rose 7.1% year-on-year in January 2025, marking a second month of growth after a prolonged contraction. Key sectors showed moderate growth, though basic metals continued to decline. The overall monthly production, however, fell by 1.3% compared to the previous month.
In January 2025, Argentina witnessed a significant 7.1% increase in industrial production year-on-year, marking the second consecutive month of growth following an 18-month period of contraction. This growth, however, represented a deceleration from December’s robust 8.4% increase.
The majority of key sectors continued to show expansion, albeit at a slower pace. For instance, machinery and equipment production rose by 10.9%, down from 17.7% in December. In addition, manufacturing increased by 25.1%, food and beverages saw a 6.6% rise, and equipment, devices, and instruments reached a notable 50.7%. However, the basic metals sector remained in decline, contracting by 7.9% compared to a lesser drop of 4.9% in the previous month.
Additionally, the oil refining, coke, and nuclear fuel sector showed a recovery with a 6.4% increase, improving from 4.1%, while the wood, paper, publishing, and printing sectors grew by 1.1%, a rise from 0.3%. Despite these positive trends, there was a monthly decline in industrial production by 1.3% on a seasonally adjusted basis, reversing the slight gain of 0.2% found in December.
In conclusion, Argentina’s industrial output has shown encouraging growth for the second consecutive month, with a year-on-year increase of 7.1% in January 2025. Several key sectors are experiencing recovery, though some such as basic metals remain in a downturn. Despite the positive annual figures, the monthly data indicates a slight decrease, highlighting the volatility within the industrial sector.
Original Source: www.tradingview.com
