Argentina’s industrial output rose by 7.1% in January 2025, marking two months of growth following 18 months of contraction. Key sectors expanded, but at a moderated pace, while only basic metals continued to decline. Seasonally adjusted production fell by 1.3%, reversing last month’s gains.
In January 2025, Argentina’s industrial production experienced a notable increase of 7.1% year-on-year, achieving growth for the second consecutive month following an 18-month period of decline. This growth, however, was a deceleration from the December increase of 8.4%. Most key sectors contributed to this expansion, although at a decreased rate compared to the previous month.
Specific sectors showing growth included machinery and equipment, which grew by 10.9% compared to 17.7% in December; manufacturing, which rose by 25.1% versus 33.4%; and food and beverages, which experienced a growth rate of 6.6%, down from 8.1%. The notable exception was basic metals, which continued to decline at -7.9%, worsening from the -4.9% recorded in December.
Other sectors demonstrated positive recovery, such as oil refining, coke, and nuclear fuel, which increased by 6.4% from 4.1%, and wood, paper, publishing, and printing, showing an uptick to 1.1% from 0.3%.
On a seasonally adjusted monthly basis, however, industrial production faced a setback, decreasing by 1.3%, thereby reversing the previous month’s marginal increase of 0.2%.
In summary, Argentina’s industrial output displayed significant growth in January 2025 after a prolonged period of contraction, reflecting improvements in various sectors, albeit at a moderated pace. While several industries recovered, basic metals continued to decline. The slight seasonal adjustment decline indicates potential challenges ahead in maintaining this upward trend in production.
Original Source: www.tradingview.com
