Argentina's industrial production has demonstrated a marginal recovery in November 2024. The latest data, updated on January 8, 2025, reveals a slight uptick in industrial output, with the indicator reaching -1.7%, a modest improvement from the -2.0% recorded in October 2024.
This month-over-month advancement reflects a decrease in the year-over-year rate of contraction, offering cautious optimism amidst ongoing economic challenges. The comparison period describes actual changes in November 2024 relative to the same month the previous year, as opposed to October’s figures.
Despite still being in negative territory, this improvement signals potential resilience in Argentina’s industrial sector, which remains vital in fostering economic growth and stability in the nation. Stakeholders will closely monitor future data to gauge whether this trend can be sustained in coming months.