The Argentine Industrial Union estimated that factory production fell nearly 5% year-on-year and 0.8% month-on-month in May, marking a year of stagnation and remaining below 2022 levels.
According to estimates from the Argentine Industrial Union's Economic Studies Center, manufacturing output recorded a 5% year-on-year drop in May, with a 0.8% month-on-month contraction. The entity noted a heterogeneous dynamic, with isolated improvements in some sectors that failed to reverse the overall picture of low production levels.
Official INDEC data showed that in April industry fell 2.8% year-on-year and 2.1% month-on-month, accumulating a 2.4% decline in the first four months of the year. Durable and semi-durable goods plunged 21% year-on-year in that period, while the textile sector retreated 15.4%.
The UIA pointed out that industry operates 2.4% below 2025 levels and nearly 10% below those of 2022. Sectors with monthly rebounds included construction, with a 3.5% rise in cement shipments, and automotive, which grew 2.2% month-on-month but fell 19% year-on-year.
