Argentinian industrial production in the second month of the year rose 5.3 percent, year-on-year, according to data released by the country’s statistics agency, Indec.
Industrial production at the country’s automotive sector in February plunged 61.3 percent, year-on-year. Production at the local metal mechanic sector increased 9.6 percent, year-on-year.
According to a Indec’s qualitative survey, which measured the expectancies of the country’s industrial companies for the March-May period on a year-on-year basis, 52.5 percent expect a stable pace for domestic demand. Another 35.4 percent anticipate an increase in demand, while 12.1 percent anticipate a decline.
Out of the interviewed exporting companies, 53.3 percent expect a stable March-May period for exports, on a year-on-year basis. Additionally, 32.8 percent foresee an increase and 13.9 percent expect a decline in the industry’s exports in the same period.