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Argentine industrial sector contraction

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2026-09-22 04:13 UTC → 2026-09-22 11:42 UTC · added ~~removed~~

Argentina is experiencing a significant industrial downturn across multiple sectors. In August 2026, cement shipments reached a 20-year low for the month, with the Asociación de Fabricantes de Cemento Portland reporting an 8.1% year-on-year decrease. This decline in the construction industry follows five consecutive years of year-on-year contraction. Simultaneously, the metallurgical sector reported a 6.1% year-on-year decline in activity for August. According to the Association of Metallurgical Industrials of the Argentine Republic (ADIMRA), installed capacity utilization has fallen to 39.6%, a 5.2 percentage point decrease from the previous year. This drop follows a 3.9% decrease in July, contributing to a cumulative contraction of 5.6% for the first eight months of 2026. ADIMRA noted that this recessionary scenario mirrors industrial conditions seen during the post-pandemic period in 2020. The contraction has impacted all subsectors, most notably capital goods (-11.1%) and foundry (-7.9%), while auto parts (-6.4%) and car bodies (-6.6%) also reported negative growth. The downturn has affected all provinces, with notable decreases in Entre Ríos (-8.8%), Córdoba (-7.8%), and Buenos Aires (-7.3%). This decline has also resulted in a 2.5% year-on-year decrease in sector employment. ADIMRA President Elio Del Re stated that the lack of significant recovery and the fact that “six out of ten production units remain unused” makes a positive horizon difficult to foresee.

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