*Argentina’s national statistics institute (Indec) has published the latest industrial production index, showing a 4.0% monthly decrease in February in seasonally adjusted terms. In year-on-year terms, industrial production in February was down by 8.7%. Eight out of the nine production categories registered yearly declines in activity, with the steepest year-on-year drops in other equipment, apparatus, and instruments (-24.6%), cars and other vehicles (-24.0%), and textiles, clothing, leather, and shoes (-22.6%). Petroleum refining, chemicals, rubber, and plastic products were up 2.7%. Indec also published its construction activity index, showing a monthly decrease of 1.3% in February in seasonally adjusted terms while in year-on-year terms construction was down 0.7%. Of the 13 categories measured, seven registered yearly increases, with the greatest in ‘other inputs’ which includes faucets, steel tubes, and sheet glass for construction (+17.0 %).
End of preview - This article contains approximately 143 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options