Industry

The industry collapsed 19.9% in May despite relaxation of quarantine

Argentina’s Industrial Production Index (IPI) carried out by the Latin American Economic Research Foundation (FIEL) showed a 19.9% decline in May. The seasonally adjusted monthly fall was 3.7%, and the accumulated contraction of the first five months of the year reached 10.6% year-on-year. The decrease in automotive production, non-metallic minerals, steel production and fuel refining, led the fall.

Source: Infobae

Categories: Industry