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According to INDEC's preliminary data for the Monthly Industrial Estimate
(EMI, Estimador Mensual
Industrial), seasonally adjusted activity in August rose 2.7% over July
and 2.1% in non-seasonally adjusted terms.
When compared to the same
month last year, seasonally adjusted manufacturing production in August
2002 exhibited a decline of 6.3% and non-seasonally adjusted output by
7.5%.
The accumulated variation for the first eight months of
2002 experienced a 15.5% decline over the same period last year.
From a sectoral standpoint, the industrial branches with
the best performance in August 2002 compared to the same period in 2001
were crude steel, primary aluminum and oils. On the downside with
the lowest levels of activity were sythetic and artificial fibres,
publishing and printint and white meats.
Forecasts: This indicator is covered in the
LatinFocus Consensus Forecast. For 5-year projections, including quarterly forecasts for
the next two years, please click here
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