Industry sank 4.5 per cent monthly in March, its worst record since the devaluation of 2023

The third month of the year was marked by an acceleration in inflation and an increase in the exchange rate gap.In this context, industrial production was the lowest since June 2024.

Industrial activity contracted 4.5% in March in the deseasonalized intermonthly measurement, while construction fell by 4.1% based on the same indicator, according to the National Institute of Statistics and Censuses (Indec). However, both indicators managed to grow in comparison to the same month last year, with improvements of 5.2% and 15.8% respectively. In the comparison with March 2025, ten of the sixteen divisions of manufacturing industry…

In March industrial activity recorded a contraction of 4.5%. In parallel, the construction sector showed a fall of 4.1%

The manufacturing industry fell by 4.5% monthly in March, which meant the worst decline since December 2023, a month crossed by the devaluation that Javier Milei validated as soon as he arrived at Casa Rosada . Meanwhile, the construction showed in the same month a negative variation of 4.1% regarding February.

The growing macroeconomic instability, reflected in the acceleration of inflation and widening of the exchange rate gap, were determining factors.