The production of industrial SMEs in January registered the lowest decline in the last 20 months, with a 0.3% fall compared to the same period of 2019, the Argentine Confederation of Medium Enterprises (CAME) reported. Six of the eleven surveyed items fell and only one remained unchanged. The four sectors with annual growth were Food and beverages (0.2%), footwear and leather goods (1.9%), chemical products (11.9%) and textile and clothing products (2.3%).
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.
Argentine industrial production fell 3.9% year-on-year in November, accumulated a retraction of 6.9% in eleven months of 2019 and lost almost 53 thousand formal jobs in a year, thus accumulating 19 months of contraction, according to data from the Argentine Industrial Union (UIA). The most affected sectors were automotive industry (-26.4%), basic metals (-15.4%), and metalworking (-7.1%).
Argentina's industrial output fell 4.5% in November versus the same month a year earlier, according to National Institute of Statistics and Census (Indec). In the first eleven months of the year, the indicator accumulated a decrease of 6.9%. The fall marked the 19th straight month of dwindling industrial output.