Argentina’s industrial production decreased in June after rising in the previous month, figures from the National Institute of Statistics showed Monday.
Industrial production fell a seasonally adjusted 0.8 percent year-over-year in June, reversing a 0.4 percent climb in the previous month.
Production of basic metals declined 6.7 percent annually in June, while automobile production grew by 6.8 percent.
On a monthly basis, industrial production increased at a faster pace of 1.2 percent in June, following a 0.2 percent slight rise in May. It was the third consecutive monthly hike.
During the first six months of the year, aggregate industrial production contracted a seasonally adjusted 1.3 percent compared to the corresponding period last year.
The material has been provided by InstaForex Company – www.instaforex.com