Industrial production contracts 5,1% and construction falls 8,5%

Industrial manufacturing production contracted 5.1% in September compared to the same month last year, according to the latest report from the National Institute of Statistics and Census (Indec). In the same period construction collapsed 8.5%. The industrial manufacturing production index (IPI) accumulates a contraction of 7.8% in the nine months of 2019, which means 17 consecutive months with year-on-year falls.