The Argentine Industrial Union (UIA) has registered a fall of 4.9 percent in industrial activity in August, in comparison with the same period of 2013; this represents its sixth straight fall and a 2,9 percent decline for the first eight months of 2014.
According to the data, manufacturing showed a drop of 5.2 percent compared with July’s data, while the report confirmed an additional 6 percent withdrawal in the not seasonally adjusted measurement, in comparison with the same period of 2013.
“Industrial production presented a new fall inter-annually speaking, in a big part as result of the decline within the automobile sector (34.5 percent),” the UIA’s study concluded.
Non-metal minerals which include several areas related with the construction sector, manifested a downfall as well, retracting 12.6 percent under the influence of the downward trend within construction materials sales.
Intended sales for the export sector reached 4.4 billion dollars in August; 13 percent lower than the same period in 2013.
Source: Buenos Aires Herald