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Argentina's Industry and Construction Recover in March Amidst Volatility
🇦🇷 Argentina /Energy & Infrastructure

Argentina's Industry and Construction Recover in March Amidst Volatility

From La Nación · (2h ago) Spanish Mixed tone

Translated from Spanish, summarized and contextualized by DistantNews.

TLDR

  • Argentina's industrial production grew 3.2% and construction expanded 4.7% in March compared to the previous month, according to INDEC.
  • Year-on-year, industry increased 5% and construction 12.7%, though year-to-date figures show a 2.3% drop in industry and a 3.9% rise in construction.
  • The Economy Minister celebrated the growth, highlighting increases in sectors like automotive and food, while economists noted the recovery but cautioned against drawing firm conclusions due to volatility.

Argentina's industrial and construction sectors have demonstrated a notable recovery in March, bouncing back from February's declines, as reported by La Nación. The National Institute of Statistics and Censuses (INDEC) revealed monthly growth rates of 3.2% for industry and 4.7% for construction. These figures, while positive, reflect a pattern of oscillation seen over the past year, indicating a degree of volatility in the economic landscape.

En general, la industria volvió a niveles de enero y la construcción alcanzó su punto más alto desde diciembre de 2023. Sin embargo, no sacaría grandes conclusiones aún, ya que estos movimientos reflejan la volatilidad típica de los primeros meses del año

— Camilo TiscorniaThe economist commented on the monthly results, highlighting the recovery but cautioning against drawing firm conclusions due to typical early-year volatility.

Economist Camilo Tiscornia of C&T Asesores Económicos commented on the results, noting that while the sectors have returned to January levels and construction reached its highest point since December 2023, it's premature to draw significant long-term conclusions. The monthly fluctuations are typical for the early months of the year, suggesting a need for continued observation.

8 de las 9 categorías que componen el índice registraron crecimiento en términos desestacionalizados en el mes, destacándose Automotores y otros equipos de transporte (+10,1% m/m), Minerales no metálicos y metálicas básicas (+7% m/m), Muebles y otras industrias manufactureras (+3,2% m/m) y Alimentos, bebidas y tabaco (+3,2% m/m)

— Luis CaputoThe Minister of Economy celebrated the industrial growth, detailing key sectors that showed significant increases.

Minister of Economy Luis Caputo expressed optimism, highlighting the broad-based nature of the industrial recovery across eight of nine categories, with particular strength in automotive and transport equipment. He also pointed to the robust year-on-year growth in construction. However, the year-to-date data still shows a contraction in industrial activity, underscoring the ongoing challenges and the nuanced picture of Argentina's economic performance. From an Argentine perspective, these monthly gains are welcome signs of resilience, but the underlying volatility and the need for sustained, long-term growth remain key concerns.

El Indicador Sintético de Actividad de la Construcción (ISAC) registró en marzo un crecimiento mensual de 4,7% en la serie desestacionalizada y 12,7% en la comparación con igual mes de 2025. En el primer trimestre el ISAC acumuló una expansión de 3,9% en relación a igual período del año pasado

— Luis CaputoThe Minister of Economy also highlighted the strong performance of the construction sector, providing specific growth figures.
DistantNews Editorial

Originally published by La Nación in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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