Industrial production down 6.4% in 2019 but 1.2% up in December

Argentina’s manufacturing industrial production index (manufacturing IPI) showed a 1.2% year-on-year rise in December, after 19 months in red, said the National Institute of Statistics and Census (INDEC). In spite of that, the accumulated of the year 2019 presented a 6.4% drop compared to the year 2018. The seasonally adjusted index showed a positive variation of 1.1% with respect to the previous month and the trend-cycle series index registered a negative variation of 0.5% against November.

Source: El Economista