Basic metallurgical industry up 3.3% YoY in August
Argentina's manufacturing industrial activity rose 1.9% month-on-month in August following July's decline, whilst basic metal industries increased 3.3% in the year-on-year comparison. However, metal products dropped 9.6% and the sector faces production costs growing above selling prices due to currency appreciation.
By aluminio.ar · Based on reporting by Infobae
What you need to know
- Construction advanced 0.4% in the seasonally adjusted August measurement after falling 4.4% in July.
- Round iron and steels for construction recorded an 8.1% year-on-year decrease in August.
- Industrial prices rose 8.3% between January and August, operating well below the general CPI.
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