Car manufacturing in Argentine recorded a substantial increase in April, according to the latest monthly report by the Association of Manufacturers (Adefa), making it the third consecutive month with a favorable output.
The Argentine Association of Automotive Factories (ADEFA) has reported that November 2021 had shown a 70% increase in exports and a growth of around 43% in the total number of units delivered.
The production of motor vehicles in Argentina in June grew 14.5% compared to May's output for a total of 40,035 units, which made up for a 155.7% YoY increase against 2020 figures, it was reported Monday by the Association of Automotive Factories (Adefa).
The Argentine Association of Automotive Factories (Adefa) Thursday reported that production of motor vehicles had grown more than 19% month on month for an accumulated increase of 517.3% compared to May last year.
Argentina’s industrial output fell 8.8% in April compared with the same month a year ago, official data showed on Wednesday, marking 12 straight months of production losses as the economy struggles with recession and rapidly-rising consumer prices.
Auto production in Argentina continued to fall at the beginning of the year, having dropped 32.2% compared to twelve months before. This means total January auto production was 14.803 units, which is 7.055 less than in January 2018, 21.858. The figures were made public by Argentina's Automobile Manufacturers Association, Adefa.
Argentina's vehicle production reached 50,904 units in June according to the Automobile Factory Association (ADEFA), 19.8% less than the 63,461 units manufactured in the same month of 2013. Taking into account the first 6 months of 2014, production fell 21.8% compared to the same period of 2013.
Strong symptoms of a slowdown of the Argentine economy, possibly leading to recession, have been confirmed by Torcuato Di Tella University's, UTDT, closely watched leading indicators.