The argentine industrial activity stopped sliding last January after two full years of contraction and managed a 4.8% growth over a year ago, according to the latest review of the industry by the Foundation of Latin American economic research, FIEL. However, the overall Industrial Production Index ended the twelve months of 2019 with a 4.6% fall compared to 2018.
Manufacturing performance in Argentina during 2018 was one of the worst since the 2001/02 collapse and melting of the country's economy according to the latest release from the stats office, Indec. Manufacturing dropped 14.7% in December compared to the same month in 2017, ending 2018 with an overall decrease of 5%.