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Financial News: ARGENTINA: Industrial Activity Rises 5.1% In August

ARGENTINA: Industrial Activity Rises 5.1% In August

09/28/2017 - 18:34:00 (RTTNews)

(RTTNews) - Argentina's industrial activity grew 5.1% in August compared to the same month in 2016, said the country's statistics office. In July, activity had grown by 5.9% on a yearly basis.

The Industrial Monthly Estimator (EMI) maintained its upward trend, erasing the loss posted until June to close August with a 1.4% growth year-to-date compared to the same period of 2016.

The sectors of the Argentinean industry that stood out in August when compared to the same period of 2016 were metalworking excluding the automotive industry (+20.2%), basic metal industries (+19.0%), non-metallic mineral products (+8.6%), the automotive industry (+7.1%) and oil refining (+6.4%).

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