Industrial activity showed significant improvement in June. According to data from statistics institute INDEC released on Friday, the sector grew by 0.9% month-over-month — the second consecutive monthly increase — and by 2% year-over-year.
The largest monthly increase belonged to oil refining, chemicals, rubber, and plastic products (4.4%), followed by furniture and other manufacturing industries (1.8%) and food, beverages, and tobacco (1.5%).
The largest declines, on the other hand, were seen in equipment, appliances, and instruments (-7.4%), motor vehicles and other transportation equipment (-3.9%), textiles, apparel, leather, and footwear (-2%), and nonmetallic minerals and basic metals (-1.9%).
However, this improvement was not enough to offset the decline at the start of 2026, as manufacturing output fell by 2.2% in the first half of the year.
Industry has fallen by 7% since the beginning of the Milei administration.
