Industrial activity in Argentina fell for the tenth consecutive month amid a growing loss of purchasing power. Interannually, a 17.2% drop was recorded after March’s 4.7% decline. In addition, the first quarter of 2024 showed a year-on-year 11.7% slide. “The industrial sector is facing certain difficulties within the framework of the drop in demand and construction levels, as well as the rise in costs,” the UIA report stated. The UIA warned April data could show “a slight improvement compared to March, which was at a very low level” but the year-on-year fall would nevertheless continue.
May 17, 2024
SOURCE:MERCOPRESS
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