Industrial production in Argentina has recorded its 21st consecutive negative month with a 1.5 percent fall in April, according to statistics from the National Statistics and Census Institute (INDEC).
The result, compared to the same period last year, was in line with predictions from expert analysts, who had forecast a drop of similar magnitude for the month. The April Monthly Industrial Estimator shows falls both in overall production figures and in seasonally-adjusted numbers.
Once again the automotive industry was the hardest hit, plummeting a total of 20.7 percent compared to April 2014.
There was better news in the manufacturing sector, with a rise of 3.7 percent in seasonally adjusted figures for the month (0.4% unadjusted). In the first months four of the year industry has contracted 1.8% compared to 2014.
Source: Buenos Aires Herald