November 24, 2014
Industrial production drops 1% in July
The Monthly Industrial index published by state-run INDEC statistics bureau revealed industrial production dropped 1 percent in July compared to the same month last year.
This is the 12th consecutive monthly decrease in the sector.
Manufactured goods production dropped 0.1% in July compared to the same month of 2013, while the automobile sector fell 30.3% inter-annually.
Meanwhile, construction works also decreased in July, dropping 2% compared to the same month last year.