finsmart-news_admin
5
Argentina: Industrial output growth loses pace in May but remains robust
Latest reading: Industrial output rose 5.8% in year-on-year terms in May, which was a deterioration from April’s 8.7% increase but still the sixth straight month of expansion. Almost all industrial components saw growth in May.
On a monthly basis, factory output increased 2.2% in seasonally adjusted terms in May, which was below April’s 2.6% expansion. Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 0.8% in May, up from April’s minus 2.7% reading.
