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ARGENTINA: Industrial Activity Up 4.4% In October On An Annual Basis

Industrial activity in Argentina recorded a 4.4% growth in October on an annual basis, accelerating from the 2.3% increase posted in September, said the country’s statistics office.

The Monthly Industrial Estimator (EMI) keeps an upward trend since May. Year-to-date, Argentina’s industrial activity grew 1.8%, compared to the January-October 2016 period.

The sectors of the Argentinean industry that stood out with increases in October from a year before were automotive industry (+25.6%), the tobacco industry (+17.0%), non-metallic mineral products (+16.5%), the metalworking industry excluded the automotive industry (+15.7%) and the basic metal industries (13.3%).

The material has been provided by InstaForex Company – www.instaforex.com

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