Industry and construction collapse in March 16.8% and 46.8% respectively

Industrial production and construction plummeted in March in Argentina, 16.8% and 46.8% respectively, compared to the same month in 2019, as part of the quarantine imposed to prevent the spread of COVID-19, the Indec Statistics Institute reported on Wednesday. In the cumulative first quarter of this year, the industry fell 6.4% and construction 28.1%, compared to the same span last year. Compared to February, industrial activity lost 1.1% and construction 32.4%.

Source: Cityfalcon