The Argentine industry showed signs of improvement in March, with its first year-over-year increase in nine months: a 5% rise. 

Activity also rose 3.2% month-over-month, according to the Industrial Production Index (IPI) published on Thursday by statistics institute INDEC.

This positive data helped offset the losses that Argentina’s industrial sector had recorded at the start of the year. Between January and February, the cumulative decline was 6% compared to the same period in 2025. 

With the March data, that decline narrowed to just -2.3%.

“The still-negative quarterly cumulative figure confirms that the recovery is uneven and still fragile,” Santiago Casas, chief economist at EcoAnalytics, told the Herald. 

Under President Milei, local industry has experienced a sharp decline in activity, driven by the depreciation of purchasing power and the deregulation of imports — a combination that has hit a sector historically focused on the domestic........

© Buenos Aires Herald