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Argentina’s industrial production marked a modest 0.2% rise in January

Wednesday, February 27th 2013 - 01:52 UTC
Full article 22 comments
Auto  sales to Brazil remain crucial for industrial production Auto sales to Brazil remain crucial for industrial production

Argentina's industrial production started the year with a modest improvement rising 0.2% in January from a year earlier after output shrank 1.2% in 2012 as a whole, government data showed. Factory output rose 0.6% in January compared with December, seasonally adjusted.

In the crucial automobile industry, which suffered the impact of slowed Brazilian demand last year, production rose 5.3% versus January 2012.

However output fell 36.1% over December 2012 probably as a result of planned maintenance stoppages during the peak summer month.

In December, Argentine industrial production dropped 3.4% from a year earlier in non-seasonally adjusted terms, and dipped 0.6% versus November. Industrial output fell in 2012, marking the first decline since the economic crisis a decade earlier.

This stemmed in part from a downturn in the auto industry, although tough import rules also played a role by delaying the entry of some foreign-made parts and currency controls hurt investment.

Growth in Latin America's No. 3 economy slowed sharply in 2012 after booming during most of the previous nine years.

Categories: Economy, Argentina.

Top Comments

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  • Anglotino

    During the past 10 years, Argentina stole her future growth and is now paying the price.

    Feb 27th, 2013 - 02:07 am 0
  • yankeeboy

    Brazil's growth will be abysmal it looks like they're going to have to raise interest rates to dampen inflation so I doubt anyone will be buying Rg cars.

    Plus I don't think there is enough U$ to buy the needed fuel this winter so Arg will have to idle factories to keep homes warm.

    Even Indec won't be able to show growth!

    Feb 27th, 2013 - 02:39 am 0
  • yankeboy

    Comment removed by the editor.

    Feb 27th, 2013 - 02:49 am 0
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