FX.co ★ Argentina’s Industrial Output Slumps 4.9% in July, Reversing June Gains

Argentina’s industrial production swung sharply into negative territory in July 2026, falling 4.9% year-over-year, according to data updated on 8 September 2026. The decline marks a steep reversal from June 2026, when industrial output had posted a 2.0% year-over-year increase.

The figures highlight mounting pressure on Argentina’s manufacturing and industrial sectors, with July’s reading erasing the positive momentum seen a month earlier. On a year-over-year basis, the latest data underscore a deteriorating trend: while June showed modest expansion compared with June 2025, July’s contraction versus July 2025 points to weakening demand, tighter conditions, or both.

The abrupt shift from growth to contraction in the span of one month will likely draw close scrutiny from policymakers and investors, as it may signal broader challenges for Argentina’s economic recovery and its capacity to sustain industrial activity in the second half of 2026.