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Argentina: Industrial output expands at fastest pace since May 2022 in June
Latest reading: Industrial output rose 9.3% compared to the same month a year earlier in June, which followed May’s 6.0% increase. June’s print marked the best reading since May 2022. June’s notable improvement was largely driven by faster growth in machinery and equipment output. Moreover, food and beverages plus automotive vehicles output gained steam. In contrast, basic metals output weakened.
Meanwhile, the trend improved notably, with the annual average variation of industrial production coming in at 1.8% in June, contrasting May’s minus 0.8%. On a seasonally adjusted monthly basis, factory output fell 1.2% in June (May: +2.4% mom s.a.).
