FX.co ★ Argentina's Industrial Production Plummets by 21.2% in March 2024

Argentina is facing a significant downturn in industrial production as the latest data shows a sharp decline of 21.2% in March 2024 compared to the same month a year ago. This staggering drop marks a troubling trend for the country's economic output. The previous indicator had already signaled a decline of 9.9% in March 2024, indicating that the situation is worsening. The data, updated on 8 May 2024, highlights the challenges faced by Argentina's industrial sector, raising concerns about the country's economic stability moving forward. As the nation grapples with this substantial decrease, policymakers and industry leaders are likely to closely monitor the situation to implement necessary measures to address the decline and support industrial growth in the coming months.