Argentinian industrial production in July declined 7.9 percent, year-on-year, according to figures released this week by the nation’s statistics agency, Indec.
As for the accumulated period of January to July, the country’s industrial output diminished 4 percent, year-on-year.
Industrial output at the automotive segment fell 12.2 percent in July, year-on-year, and 13.4 percent in the January-July period, also on a year-on-year basis.
According to a Indec’s qualitative survey, which measured the expectancies of the nation’s industrial companies for the period of August to October 2016 on a year-on-year basis, 53.7 percent expect a stable pace for domestic demand in the period, while 29.8 percent foresee a decrease and 16.5 percent anticipate an increase in the domestic demand.
Out of the interviewed exporting companies, 51.7 percent expect a stable Aug-October on a year-on-year basis. However, 25 percent expect an increase and 23.3 percent a decline in the industry’s exports in the same period.