Argentinian industrial output declined 4.3 percent in May, year-on-year, according to data from the nation’s statistics agency, Indec.
Indec’s data showed the nation’s industrial production in the accumulated period of January to May diminished 3 percent, year-on-year.
As for the crude steel segment, which is part of the basic metals category, industrial production declined 7.3 percent in May, year-on-year, as opposed to the 7.7 percent decline in the same period presented in mid-June by the country’s steel chamber, CAA.
Automotive industrial output in May declined 8.6 percent, year-on-year, according to Indec’s data.
According to a Indec’s survey, which measures the expectancies of the nation’s industrial companies, 73.7 percent expect a stable pace for domestic demand in June on a month-on-month basis, while 15.8 percent foresee an increase and 10.5 percent anticipate a decline.
Out of the interviewed exporting companies, 65.1 percent expect a stable June on a month-on-month basis. However, 19.3 percent expect an increase and 15.6 percent a decline in the industry’s performance.