Argentina's industrial output rebounds 5% in March, ending eight-month slump
Argentina's industrial output grew 5% year-on-year in March, snapping an eight-month run of declines. The data offer the clearest sign yet that activity is heating up after President Milei's painful fiscal squeeze. Investors are betting on a firmer peso and tighter sovereign spreads.
Argentina's industrial production rose 5% year-on-year in March, the national statistics agency said, snapping an eight-month string of declines that began in August 2025. The rebound was led by steel, chemicals and durable goods.
The data offer the clearest sign yet that the economy is moving past the stagnation phase that followed President Javier Milei's aggressive fiscal squeeze and currency reform. Annual inflation continues to ease, and the pickup in industrial orders points to firmer domestic demand alongside stronger exports into Brazil.
In financial markets, Argentine sovereign bond yields have tightened materially over the past three months, and the peso has held steady on the parallel market. With the country still negotiating program reviews with the IMF, the data support Buenos Aires's goal of regaining full access to international capital markets by year-end.
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