Argentina Manufacturing Production Index

by Eduardo Petazze
In the 1Q2014 mfg output fell 3.14% Y/Y (+0.19% Q/Q). Capacity utilization fell to 67.2% (-3.93% Y/Y)
We estimate that the value added in manufacturing fell by 2.7% Y/Y, at (2004) basic prices, during the first quarter
In April 2014 manufacturing production fell 4.02% Y/Y (+1.91% M/M, SA own estimate)
For 2014 we expect a drop in production of around 3.1%
The INDEC of Argentina monthly releases the Monthly Industrial Estimator (EMI), and installed capacity utilization in industry
Links:
EMI, advance estimate April 2014 - pdf, 4 pages
Capacity utilization April 2014 - pdf, 3 pages
EMI March 2014 (final) pdf, 10 pages

Summary

Manufacturing Production 2006=100

Month NSA
Y/Y
SA
Y/Y
2005
92.26
8.38%
92.25 8.09%
2006
100.00
8.39% 100.00 8.40%
2007
107.56
7.56% 107.57 7.57%
2008
112.93
4.99% 112.93 4.99%
2009
113.00
0.06% 113.02 0.08%
2010
124.01
9.75% 124.04 9.75%
2011
132.13
6.55% 132.17 6.55%
2012
130.59 -1.17% 130.63 -1.16%
2013
130.31 -0.21% 130.35 -0.21%
2014
126.32 -3.06% 126.32 -3.09%
Own estimate
Manufacturing Production 2006=100
Month NSA
Y/Y
SA
Q/Q
2011Q1 121.33
9.30% 129.94 2.57%
2011Q2 131.63
8.43% 134.04 3.16%
2011Q3 134.75
5.73% 133.36 -0.51%
2011Q4 140.82
3.40% 131.34 -1.51%
2012Q1 124.13
2.31% 131.59 0.19%
2012Q2 127.36 -3.25% 128.01 -2.72%
2012Q3 131.37 -2.51% 129.63 1.26%
2012Q4 139.51 -0.93% 133.29 2.83%
2013Q1 122.51 -1.30% 130.23 -2.29%
2013Q2 131.85
3.53% 132.02 1.37%
2013Q3 132.28
0.69% 131.82 -0.15%
2013Q4 134.61 -3.51% 127.33 -3.41%
2014Q1 118.67 -3.14% 127.57 0.19%
2014Q2 127.35 -3.41% 127.60 0.02%
2014Q3 128.63 -2.76% 125.82 -1.40%
2014Q4 130.64 -2.95% 124.31 -1.20%
Own estimate
Manufacturing Production 2006=100
Month NSA
Y/Y
SA
M/M
Jan-13 117.22
0.16% 130.60 -2.83%
Feb-13 117.32 -4.35% 127.98 -2.00%
Mar-13 132.99
0.23% 132.12 3.24%
Apr-13 135.06
1.67% 133.20 0.81%
May-13 134.82
5.17% 131.59 -1.21%
Jun-13 125.67
3.82% 131.28 -0.24%
Jul-13 129.90
2.81% 130.47 -0.62%
Aug-13 133.59 -0.45% 131.32 0.65%
Sep-13 133.35 -0.18% 133.67 1.79%
Oct-13 139.24 -0.46% 128.14 -4.14%
Nov-13 133.74 -4.65% 128.57 0.33%
Dec-13 130.86 -5.44% 125.28 -2.56%
Jan-14 114.18 -2.60% 128.34 2.45%
Feb-14 116.68 -0.54% 129.46 0.87%
Mar-14 125.14 -5.90% 124.92 -3.51%
Apr-14 129.64 -4.02% 127.30 1.91%
May-14 129.89 -3.66% 128.26 0.76%
Jun-14 122.54 -2.49% 127.25 -0.79%
Jul-14 125.84 -3.13% 126.85 -0.31%
Aug-14 130.10 -2.62% 125.91 -0.74%
Sep-14 129.95 -2.55% 124.70 -0.96%
Last data SA data is our own estimate
Own estimate

Mfg.
PMI

Capacity Utilization Installed capacity

NSA
Y/Y
NSA
Y/Y
72.85
4.53%
126.61
3.71%
73.68
1.14%
135.65
7.15%
73.99
0.42%
145.28
7.10%
74.84
1.15%
150.84
3.83%
72.78
-2.74%
155.18
2.88%
77.69
6.74%
159.46
2.76%
54.1%
78.75
1.37%
167.78
5.22%
51.6%
74.50
-5.40%
175.27
4.46%
51.6%
72.72
-2.38%
179.17
2.22%
70.09
-3.62%
180.26
0.61%
Mfg. Capacity Utilization Installed capacity
PMI
NSA
Y/Y
NSA
Y/Y
53.6%
75.41
3.38%
161.23
5.80%
54.3%
78.42
1.74%
167.87
6.58%
54.3%
79.15
0.34%
170.33
5.43%
54.4%
82.03
0.21%
171.69
3.19%
53.6%
72.73
-3.56%
170.76
5.91%
50.7%
74.66
-4.80%
170.63
1.64%
50.6%
73.73
-6.85%
178.20
4.62%
51.7%
76.88
-6.28%
181.49
5.71%
52.3%
69.95
-3.82%
175.21
2.61%
51.0%
73.57
-1.45%
179.19
5.02%
51.4%
73.10
-0.85%
181.02
1.58%
51.6%
74.27
-3.40%
181.25
-0.13%
48.6%
67.20
-3.93%
176.75
0.88%
70.46
-4.23%
180.77
0.88%
70.56
-3.47%
182.36
0.74%
72.13
-2.89%
181.15
-0.06%

Million (2004)
pesos
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Own estimate
Million (2004)
pesos
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2014Q4
Own estimate

GVA, NSA
Mfg.
Y/Y
116,799.92 9.29%
128,207.08 9.77%
138,562.04 8.08%
143,020.52 3.22%
140,783.54 -1.56%
156,816.25 11.39%
174,754.94 11.44%
171,985.10 -1.58%
171,471.37 -0.30%
166,361.24 -2.98%
GVA, NSAAR
Mfg.
Y/Y
156,008.00 13.57%
178,054.93 14.08%
183,231.20 10.82%
181,725.63 7.86%
162,529.04 4.18%
172,241.85 -3.26%
176,692.80 -3.57%
176,476.69 -2.89%
159,630.52 -1.78%
173,255.54 0.59%
177,430.82 0.42%
175,568.59 -0.51%
155,352.81 -2.68%
169,166.68 -2.36%
171,151.23 -3.54%
169,774.23 -3.30%

Mfg. Capacity Utilization Installed capacity

PMI
NSA
Y/Y
NSA
Y/Y
51.9%
65.58
-3.05%
178.76
3.31%
53.2%
71.51
-4.99%
164.05
0.67%
51.9%
72.75
-3.34%
182.81
3.70%
51.1%
75.91
-3.75%
177.92
5.63%
50.7%
73.33
0.26%
183.84
4.90%
51.3%
71.48
-0.68%
175.82
4.53%
51.2%
71.08
-0.32%
182.73
3.15%
51.4%
73.00
-1.37%
182.99
0.94%
51.4%
75.20
-0.84%
177.32
0.67%
50.3%
75.39
-1.28%
184.70
0.83%
50.7%
75.28
-4.12%
177.67
-0.55%
53.7%
72.14
-4.79%
181.39
-0.69%
51.1%
63.68
-2.89%
179.30
0.30%
47.6%
70.06
-2.03%
166.54
1.52%
47.0%
67.85
-6.73%
184.43
0.88%
46.6%
73.00
-3.84%
177.59
-0.18%
47.1%
69.77
-4.85%
186.15
1.26%
68.62
-4.00%
178.57
1.57%
68.29
-3.94%
184.28
0.84%
70.53
-3.38%
184.45
0.79%
72.86
-3.12%
178.36
0.58%

Gross data
Manufacturing Production Index
2006=100 Overall
1
2
3
4
5
6
7
8
9
10
11
12
NSA
100.000 19.300
0.700
2.000
3.000
5.700
8.400 15.500
4.200
4.200 10.800 11.100 15.100
2011
132.133 124.290 110.146 119.952 112.385 126.052 91.434 131.420 135.150 139.119 111.906 195.910 139.424
2012
130.593 125.535 117.454 123.818 112.467 126.438 93.789 135.180 137.617 139.279 102.129 183.011 137.199
2013
130.313 124.111 111.507 122.806 111.519 118.709 92.445 135.136 136.780 147.977 105.565 189.870 131.795
2014
126.322 123.858 110.220 128.273 111.014 125.170 87.765 131.391 128.405 149.909 115.253 164.388 122.495
2011 Y/Y
6.55%
4.63% -1.75%
1.64%
2.27%
1.69% -4.00%
3.85%
3.74%
9.12%
5.93% 13.13% 13.59%
2012 Y/Y
-1.17%
1.00%
6.64%
3.22%
0.07%
0.31%
2.58%
2.86%
1.82%
0.11% -8.74% -6.58% -1.60%
2013 Y/Y
-0.21% -1.13% -5.06% -0.82% -0.84% -6.11% -1.43% -0.03% -0.61%
6.25%
3.36%
3.75% -3.94%
2014 Y/Y
-3.06% -0.20% -1.15%
4.45% -0.45%
5.44% -5.06% -2.77% -6.12%
1.31%
9.18% -13.42% -7.06%
Own estimate
Apr-13
135.063 121.505 108.295 119.865 110.170 115.370 82.622 143.058 135.888 146.462 109.514 214.240 145.920
May-13
134.817 120.944 120.848 127.659 114.274 122.428 86.432 131.536 133.604 154.495 109.889 229.294 136.700
Jun-13
125.667 114.237 92.316 127.706 112.444 121.656 91.176 124.460 134.548 146.792 99.197 183.203 134.675
Jul-13
129.895 121.894 112.762 127.715 115.239 120.463 93.953 121.879 138.431 143.406 109.489 206.235 128.510
Aug-13
133.590 125.658 109.065 127.143 115.442 119.927 97.040 128.988 139.069 149.768 113.339 203.300 137.020
Sep-13
133.354 126.655 106.811 133.314 111.208 122.181 96.585 128.877 136.989 152.793 110.164 208.223 132.244
Oct-13
139.238 133.980 115.497 133.505 118.144 123.637 95.122 138.399 141.373 161.902 113.989 218.927 136.193
Nov-13
133.743 128.092 113.756 132.627 111.542 123.507 92.306 138.567 140.649 158.298 112.570 181.092 140.247
Dec-13
130.860 142.600 108.382 124.338 111.048 123.330 96.229 142.510 134.208 148.837 111.135 132.920 138.740
Jan-14
114.176 116.668 124.836 111.825 105.765 119.615 95.278 130.683 131.897 135.771 99.327 102.717 112.173
Feb-14
116.684 115.202 115.023 112.659 101.918 118.006 85.857 128.669 117.686 126.292 92.098 155.877 112.465
Mar-14
125.139 119.629 106.679 119.061 111.759 122.947 78.382 140.144 126.601 143.959 113.244 169.838 117.942
Apr-14
129.637 126.280 115.906 122.771 107.737 126.062 88.449 145.875 126.651 147.815 117.816 171.472 120.893
May-14
129.887 119.580 111.649 131.824 112.436 126.209 79.963 129.435 126.010 157.419 118.888 195.596 129.729
Jun-14
122.537 112.420 94.767 130.643 109.689 122.876 83.584 123.682 123.486 148.875 112.639 169.689 123.428
Jul-14
125.835 121.043 107.508 131.220 113.329 124.886 88.149 121.925 127.983 150.464 117.400 176.395 121.335
Aug-14
130.096 126.236 106.235 132.812 114.617 127.264 91.000 123.912 130.292 154.042 123.272 182.727 127.494
Sep-14
129.950 127.675 106.991 136.558 113.317 129.572 90.969 126.340 130.759 156.937 120.168 180.165 124.238
Y/Y
Overall
1
2
3
4
5
6
7
8
9
10
11
12
Apr-13
1.67% -4.11% -28.46% -3.31% -5.86% -13.94% -8.21%
2.03% -7.85%
7.54% -5.74% 38.80% -3.46%
May-13
5.17% -3.77% -0.63% -5.17% -1.68% -6.39% -5.87%
9.56% -1.11%
3.27%
0.47% 30.94%
3.43%
Jun-13
3.82%
3.07% -10.82% -1.04% -2.04%
6.84% -1.96% -3.58%
4.57%
6.95% -8.95% 19.77%
8.74%
Jul-13
2.81%
5.10% -3.12% -0.77% -0.49% -0.74% -4.39% -5.15%
5.36%
2.33% 23.63%
8.20% -2.58%
Aug-13
-0.45% -0.65% -5.61%
1.47% -0.09% -8.94% -0.78%
3.70%
5.22%
7.97% 18.08% -9.67% -2.93%
Sep-13
-0.18% -2.75%
3.74%
6.36% -6.75% -9.17% -1.77% -2.48%
1.14% 10.76% 12.33%
4.94% -5.74%
Oct-13
-0.46% -0.37% -3.05%
4.02%
0.80% -5.86% -3.74% -1.82%
2.17%
6.61% 11.39% -3.04% -2.62%
Nov-13
-4.65% -5.79% -2.39%
1.39%
0.12% -0.50%
2.24% -5.05% -1.06%
8.10% 14.85% -19.41% -5.37%
Dec-13
-5.44%
0.94%
3.37%
5.48%
2.19%
2.35% -1.35% -3.94% -6.09%
7.58% 18.29% -28.45% -13.37%
Jan-14
-2.60% -1.85%
0.39%
7.06% -1.09%
5.91%
1.35% -7.84% -6.23%
1.77% 19.43% -13.48% -6.69%
Feb-14
-0.54%
0.28%
7.54%
8.86%
2.74%
8.35%
0.93% -6.71% -8.89% -3.56% 12.93%
0.22% -3.85%
Mar-14
-5.90% -0.32% -10.38%
6.44% -0.74% 11.61% -20.67% -2.43% -7.44% -3.14%
0.42% -25.10%
3.37%
Apr-14
-4.02%
3.93%
7.03%
2.42% -2.21%
9.27%
7.05%
1.97% -6.80%
0.92%
7.58% -19.96% -17.15%
May-14
-3.66% -1.13% -7.61%
3.26% -1.61%
3.09% -7.48% -1.60% -5.68%
1.89%
8.19% -14.70% -5.10%
Jun-14
-2.49% -1.59%
2.65%
2.30% -2.45%
1.00% -8.33% -0.63% -8.22%
1.42% 13.55% -7.38% -8.35%
Jul-14
-3.13% -0.70% -4.66%
2.74% -1.66%
3.67% -6.18%
0.04% -7.55%
4.92%
7.23% -14.47% -5.58%
Aug-14
-2.62%
0.46% -2.59%
4.46% -0.71%
6.12% -6.22% -3.94% -6.31%
2.85%
8.76% -10.12% -6.95%
Sep-14
-2.55%
0.81%
0.17%
2.43%
1.90%
6.05% -5.81% -1.97% -4.55%
2.71%
9.08% -13.48% -6.05%
Reference: 1) Foodstuffs and beverages 2) Product of snuff 3) Textile Products 4) Paper and cardboard 5) Editing and Printing 6) Oil Refining 7)
Chemical products 8) Rubber and plastic 9) Non-Metallic Minerals 10) Basic metal industries 11) Motor vehicles 12) Metalworking excluding
automotive
Last data

Capacity Utilization Rate

Utilization
Overall
1
2
3
4
5
6
7
8
9
10
11
12
rate
Weight
100.000 19.300
0.700
2.000
3.000
5.700
8.400 15.500
4.200
4.200 10.800 11.100 15.100
Apr-13
75.914 70.317 66.849 75.613 79.830 72.505 76.288 81.711 76.011 82.202 83.751 78.978 68.219
May-13
73.332 68.045 70.240 78.026 80.132 74.459 77.234 72.742 72.243 84.205 80.958 81.790 61.847
Jun-13
71.476 66.797 55.445 80.551 81.478 76.455 84.189 70.316 74.875 82.804 75.779 67.527 62.962
Jul-13
71.084 68.400 65.540 78.020 80.809 73.263 83.954 65.759 74.902 78.711 81.220 72.163 58.141
Aug-13
73.003 69.647 63.391 77.625 80.951 72.938 86.713 69.835 75.203 81.762 83.465 71.136 61.992
Sep-13
75.203 72.461 64.151 84.219 80.582 76.785 89.183 72.513 76.675 85.643 83.758 75.288 61.825
Oct-13
75.386 73.831 67.130 81.603 82.042 75.557 84.999 75.934 76.554 87.660 83.743 75.173 60.051
Nov-13
75.277 73.013 68.322 83.741 80.040 75.443 85.232 78.388 78.513 88.310 85.439 64.254 63.900
Dec-13
72.145 78.973 62.994 75.747 77.115 72.904 85.988 78.000 71.890 80.102 81.417 44.803 59.657
Jan-14
63.679 64.187 72.558 68.049 73.445 70.708 85.138 71.556 70.589 72.879 72.002 34.622 48.234
Feb-14
70.064 70.061 74.017 76.241 78.358 77.231 84.939 77.757 68.465 74.498 74.097 58.171 53.540
Mar-14
67.853 65.832 62.010 72.919 77.641 72.653 70.045 76.404 68.133 77.016 82.774 57.250 50.715
Apr-14
72.999 72.550 69.650 77.540 77.342 76.977 81.676 81.540 70.240 81.715 89.150 59.728 53.717
May-14
69.774 65.906 64.595 80.694 78.084 74.522 71.457 70.673 67.307 84.082 86.700 65.842 55.701
Jun-14
68.620 64.076 56.720 82.606 78.706 74.946 77.182 69.667 68.012 82.129 84.920 58.993 54.727
Jul-14
68.286 66.654 62.224 80.317 78.688 73.691 78.772 66.344 68.272 80.380 85.680 59.138 52.034
Aug-14
70.533 69.404 61.480 81.278 79.576 75.071 81.319 67.484 69.437 82.177 89.844 61.283 54.648
Sep-14
72.858 72.544 63.961 86.382 81.291 78.959 84.002 71.128 72.013 86.434 90.518 62.385 55.002
2012 avg.
74.498 72.340 71.018 78.800 81.172 80.271 85.166 77.341 79.033 77.882 76.899 67.444 65.722
2013 avg.
72.722 70.370 66.683 76.433 79.494 73.277 84.186 75.500 75.417 82.047 79.106 67.981 60.266
2014 avg.
70.087 69.519 65.167 79.979 78.547 75.285 79.985 73.024 69.789 81.526 85.572 56.291 53.511
Reference: 1) Foodstuffs and beverages 2) Product of snuff 3) Textile Products 4) Paper and cardboard 5) Editing and Printing 6) Oil Refining 7)
Chemical products 8) Rubber and plastic 9) Non-Metallic Minerals 10) Basic metal industries 11) Motor vehicles 12) Metalworking excluding
automotive
Last data
Own estimate

Manufacturing Production Index - Seasonally adjusted data (own estimate)

2006=100 Overall
1
2
3
4
5
6
7
8
9
10
11
12
SA
100.000 19.300
0.700
2.000
3.000
5.700
8.400 15.500
4.200
4.200 10.800 11.100 15.100
Apr-13
133.197 124.309 104.343 127.072 109.419 114.809 96.813 130.327 139.462 148.424 101.116 216.033 137.630
May-13
131.589 118.963 115.878 124.138 110.517 120.077 95.088 133.166 138.295 144.456 101.716 204.906 138.685
Jun-13
131.279 121.290 110.685 123.230 107.773 123.270 95.227 130.427 134.699 141.379 98.482 209.611 136.805
Jul-13
130.471 125.511 112.738 117.973 108.066 120.033 91.878 134.238 131.791 142.731 113.907 189.147 130.217
Aug-13
131.322 124.911 108.083 120.750 108.833 118.257 88.608 139.607 132.076 150.808 112.735 187.412 133.082
Sep-13
133.670 126.415 119.525 123.549 110.488 123.232 89.282 140.738 134.273 157.902 109.197 199.468 133.150
Oct-13
128.138 126.814 107.070 119.724 109.173 118.949 84.130 135.521 131.992 147.697 110.376 174.555 128.129
Nov-13
128.565 123.934 110.145 122.780 115.540 123.560 87.633 133.333 136.488 149.575 109.895 174.403 130.070
Dec-13
125.277 123.593 110.389 123.704 115.840 123.554 89.386 137.201 133.020 149.461 111.746 150.147 121.097
Jan-14
128.344 120.736 120.709 127.275 111.883 126.077 93.950 131.194 130.703 144.223 116.273 172.930 129.684
Feb-14
129.459 123.226 116.744 122.687 108.232 124.492 92.837 131.764 119.806 140.962 99.698 206.757 126.958
Mar-14
124.915 124.062 101.843 123.129 109.342 128.660 77.575 136.258 123.119 147.708 109.265 161.190 122.373
Apr-14
127.298 123.154 101.256 123.827 109.769 123.846 79.191 137.428 124.387 151.043 112.794 174.305 125.432
May-14
128.261 124.100 109.168 124.935 110.737 123.781 81.879 135.658 125.567 152.528 115.240 180.952 122.865
Jun-14
127.246 125.661 105.205 127.595 112.724 126.744 85.706 132.208 130.032 154.720 113.353 166.385 124.086
Jul-14
126.850 126.022 109.561 129.909 113.853 126.770 87.573 127.930 133.312 151.553 116.961 166.477 120.930
Aug-14
125.906 124.929 111.494 130.206 113.879 124.439 89.619 128.944 134.398 150.889 118.182 157.847 119.999
Sep-14
124.702 123.533 110.292 132.851 111.021 122.564 91.171 127.280 132.542 150.017 119.247 155.286 117.517
M/M
Overall
1
2
3
4
5
6
7
8
9
10
11
12
Apr-13
0.81%
1.12% -8.89%
4.42% -3.03%
4.91% -9.63%
1.56% -2.07%
1.69% -2.00%
1.12%
5.60%
May-13
-1.21% -4.30% 11.05% -2.31%
1.00%
4.59% -1.78%
2.18% -0.84% -2.67%
0.59% -5.15%
0.77%
Jun-13
-0.24%
1.96% -4.48% -0.73% -2.48%
2.66%
0.15% -2.06% -2.60% -2.13% -3.18%
2.30% -1.36%
Jul-13
-0.62%
3.48%
1.85% -4.27%
0.27% -2.63% -3.52%
2.92% -2.16%
0.96% 15.66% -9.76% -4.82%
Aug-13
0.65% -0.48% -4.13%
2.35%
0.71% -1.48% -3.56%
4.00%
0.22%
5.66% -1.03% -0.92%
2.20%
Sep-13
1.79%
1.20% 10.59%
2.32%
1.52%
4.21%
0.76%
0.81%
1.66%
4.70% -3.14%
6.43%
0.05%
Oct-13
-4.14%
0.32% -10.42% -3.10% -1.19% -3.48% -5.77% -3.71% -1.70% -6.46%
1.08% -12.49% -3.77%
Nov-13
0.33% -2.27%
2.87%
2.55%
5.83%
3.88%
4.16% -1.61%
3.41%
1.27% -0.44% -0.09%
1.51%
Dec-13
-2.56% -0.27%
0.22%
0.75%
0.26% -0.00%
2.00%
2.90% -2.54% -0.08%
1.68% -13.91% -6.90%
Jan-14
2.45% -2.31%
9.35%
2.89% -3.42%
2.04%
5.11% -4.38% -1.74% -3.50%
4.05% 15.17%
7.09%
Feb-14
0.87%
2.06% -3.28% -3.61% -3.26% -1.26% -1.18%
0.43% -8.34% -2.26% -14.25% 19.56% -2.10%
Mar-14
-3.51%
0.68% -12.76%
0.36%
1.03%
3.35% -16.44%
3.41%
2.77%
4.79%
9.60% -22.04% -3.61%
Apr-14
1.91% -0.73% -0.58%
0.57%
0.39% -3.74%
2.08%
0.86%
1.03%
2.26%
3.23%
8.14%
2.50%
May-14
0.76%
0.77%
7.81%
0.89%
0.88% -0.05%
3.39% -1.29%
0.95%
0.98%
2.17%
3.81% -2.05%
Jun-14
-0.79%
1.26% -3.63%
2.13%
1.79%
2.39%
4.67% -2.54%
3.56%
1.44% -1.64% -8.05%
0.99%
Jul-14
-0.31%
0.29%
4.14%
1.81%
1.00%
0.02%
2.18% -3.24%
2.52% -2.05%
3.18%
0.06% -2.54%
Aug-14
-0.74% -0.87%
1.76%
0.23%
0.02% -1.84%
2.34%
0.79%
0.81% -0.44%
1.04% -5.18% -0.77%
Sep-14
-0.96% -1.12% -1.08%
2.03% -2.51% -1.51%
1.73% -1.29% -1.38% -0.58%
0.90% -1.62% -2.07%
Reference: 1) Foodstuffs and beverages 2) Product of snuff 3) Textile Products 4) Paper and cardboard 5) Editing and Printing 6) Oil Refining 7)
Chemical products 8) Rubber and plastic 9) Non-Metallic Minerals 10) Basic metal industries 11) Motor vehicles 12) Metalworking excluding
automotive
Last data Own seasonally adjusted calculation
Also see:
Argentina Manufacturing PMI
Other unofficial estimate of Argentina's industrial activity:
OJF Last press release pdf, 2 pages
In April 2014 the IPI-OJF fell by 6.0% Y/Y (+1.3% M/M)
In Jan/Apr. 2014 industrial production index fell by 3.5% Y/Y
FIEL
March 2014 pdf, 5 pages 1Q2014 Production Index fell 2.6% Y/Y (-2.6% Q/Q) Mar14 -10.2% Y/Y (-1.6% M/M