Industry at pandemic levels as sector registers worst drop in 16 months
The July data, which also shows a steep fall for construction, cut the slight recovery industry had registered in the past two months La entrada Industry at pandemic levels as sector registers worst drop in 16 months se publicó primero en Buenos Aires Herald .
The manufacturing sector faced a significant downturn in July, deepening the economic crisis initiated by President Javier Milei's austerity measures. According to official statistics, industrial activity decreased by 4.9% year-over-year, marking the sharpest decline since March 2025. This marks the third-largest monthly drop since Milei's administration began, and the sector's performance dropped to levels last seen in 2024, during the height of the pandemic.
The textile industry experienced the steepest decline, with a 41% reduction, followed by machinery, non-metallic minerals, and other equipment, each falling by over 25%. Only the food industry and oil refining sectors showed growth. Experts predict a prolonged recovery, citing factors like rising delinquency rates, weak domestic demand, and competition from imports as key challenges for the sector.
Written by urgent.news from Buenos Aires Herald's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
