Argentina: Industrial production is losing momentum

The manufacturing industrial production index (IPI manufacturing) includes an exhaustive survey of all the economic activities that make up the manufacturing industry sector, with coverage for the entire country.

This indicator measures the evolution of the sector on a monthly basis and is calculated from the variables of production in physical units, sales in physical units, use of inputs in physical units, consumption in physical units, number of hours worked by the personnel involved in the production process and sales at deflated current prices.

In April, the economy presented the lowest values in more than 15 years. Quarantine due to COVID-19 pandemic, ceased industrial activities. Thus, in April 2020 figures were 81.07 (sa) vs 120.38 (sa) in April 2019 vs 124.27 (sa) in April 2021.