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Argentina: Industrial production shrinks more slowly in September
Latest reading: Industrial production fell 0.7% on a year-on-year basis in September, following a 4.4% decline in the previous month.
Relative to the previous month’s figures, readings in September improved for machinery and equipment (+4.5% on a year-on-year basis vs -8.9% in August), basic metals (-1.0% vs -4.3% in August), chemical products (+2.2% vs -0.8% in August), automotive vehicles (-2.5% vs -6.2% in August) and food and beverages (+0.7% vs -2.4% in August).
In seasonally adjusted month-on-month terms, industrial production declined 0.1% in September, following a 0.7% rise in the previous month.
