The decline in the manufacturing industry, one of the sectors hardest hit since President Javier Milei took office, shows no signs of stopping.
According to research firm Orlando Ferreres & Asociados (OJF), industrial activity in July fell 0.4%. This decline has accelerated over the first seven months of the year, with activity now 2% below the same period last year.
The Argentine Industrial Union (in Spanish, UIA) estimated a similar decline, registering a 0.6% monthly drop. They also calculated a 1.4% year-over-year increase in July, which they attributed to “a low baseline.”
Accumulated decline for 2026 stood at 2% compared to the same period last year. Compared to 2022 and 2023, the last two years of President Alberto Fernández, the drop this year is even greater, standing at 10%.
A rundown of the numbers
