Business

Industrial activity fell 6.3% in 2019 second consecutive year of losses

Argentina industrial activity plummeted 6.3% during 2019, completing two consecutive years of losses, reported the Argentina Industrial Union (UIA). A survey of the sector showed auto manufacturing suffered the greatest contraction at 32.5%, strongly affecting the final result of the index. Other sectors in the red included basic metals foundry, down 8% and metal-mechanics, 7.5%. Non metallic metals slipped 6.8%, textiles, 5.6% and printing, 2.2%.

Source: Ámbito