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Manufacturing Slump Deepens in July | Argentina News
Manufacturing just took another brutal hit in July, with industrial output plunging 5% month-over-month — the steepest drop in over a year and a half. Year-to-date, production is down 3%, and since November 2023, the sector’s slid 9%. Thirteen of sixteen tracked industries are in decline, with textiles cratering 41%. Only food, oil refining, and motorcycles show growth. Experts warn no near-term rebound is likely, as weak demand, late payments, imports, and a struggling construction sector pile on. The question now? Which sectors can survive — and which might lead the recovery — as trade…
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