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Argentina’s industrial activity grows by 13.8% year-on-year in August

RIO DE JANEIRO, BRAZIL - Argentina's industrial activity registered a year-on-year growth of 13.8% last August, the National Institute of Statistics and Censuses (Indec) reported on Thursday.

Year-on-year improvements were observed in the eighth month of the year in 14 of the 16 industrial sectors included in the indicator.

The industrial branches that recorded the most striking recovery were the automotive industry (34.8%), iron and steel industry (29%), production of construction materials (15.4%), oil refining (13.7%), and food and beverage production (7.1%). On the other hand, furniture (-13.6%) and tobacco . . .

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