Argentina's industrial output recorded a 6.3% interannual growth in January of 2023 and 9.6% against the same month of 2019, the Secretariat of Industry and Productive Development reported. It was the second-highest January, only surpassed by 2018. Against January 2022, the sectors that grew the most were Food and Beverages (+9.1%), Automotive (+24.8%), Metal Industries (+8.9%), and Metal Products (+15.2%).
Chile's September Monthly Economic Activity Index, (IMACEC), jumped 15,6% compared to a year ago, above market expectations (13%), and 1,7% over the previous month, as reported by the Chilean central bank.
Argentina's economy contracted 5.4% in the first three months of 2020, the government statistics agency said on Tuesday, the worst quarter in a year as the major grains and oilseeds producer was sideswiped by the impact of the global coronavirus pandemic.
Investment flows to Latin America are expected to halve in 2020 from the US$ 164 billion received last year, according to UNCTAD's World Investment Report 2020.
China's factories stepped up production for a second straight month in May, as the country shook off the economic torpor of the coronavirus, although the weaker-than-expected gain suggested the recovery remained fragile.
China's industrial output returned to growth for the first time this year in April, official data showed on Friday, as the country continued its gradual recovery after the coronavirus brought activity to a near-halt.
Brazil's battered retailers are starting to reopen after weeks of coronavirus lockdown but may exit the crisis transformed, with the e-commerce sector strengthened and brick-and-mortar chains facing an uphill path to normality.
Factory activity in China unexpectedly expanded in March after contracting sharply to a record low, but the rapid global spread of the coronavirus is expected to keep businesses and the overall economy under heavy pressure as foreign demand slumps.
Brazilian industrial production slumped in November after rising for three consecutive months, marking the weakest performance for the month in four years, the government statistics agency IBGE said on Thursday.
Brazil's economy expanded in the third quarter at its fastest pace since early last year, official data showed on Tuesday, with 0.6% growth over the previous quarter driven by a strong performance in agriculture and a sharp rebound in the industry.