FX.co ★ Argentina’s Industrial Slump Deepens as May Output Contracts 5.7% YoY

Argentina’s industrial sector registered a sharper contraction in May 2026, with output falling 5.7% year-over-year, according to data updated on 8 July 2026. The latest reading marks a clear deterioration from April 2026, when industrial production had already declined 2.8% compared with the same month a year earlier.

The figures are based on year-over-year comparisons, meaning May’s 5.7% drop reflects the change in industrial output versus May 2025, while April’s 2.8% decrease was measured against April 2025. The back-to-back declines underscore mounting pressure on Argentina’s manufacturing base and highlight a deepening downturn in one of the economy’s key sectors.