• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Argentine industry fell again in September and remains in negative territory, according to private estimates

FinanceInternationalInfobae30 s readAI summary
Image: Infobae

Two private surveys agree that industrial activity did not consolidate August's improvement. FIEL recorded a 2.9% year-on-year drop in September and a cumulative -1.4% over nine months; Orlando J. Ferreres y Asociados measured -1.5% year-on-year and -2.3% cumulative. In the seasonally adjusted monthly comparison, FIEL posted -0.9% and Ferreres +0.1%. Oil refining leads the gains, while the automotive and machinery industries are among the hardest hit.

In 30 seconds

  • FIEL: industrial output -2.9% year-on-year in September and -1.4% cumulative in the first nine months.
  • Ferreres: -1.5% year-on-year in September and -2.3% cumulative between January and September.
  • In the seasonally adjusted monthly comparison, FIEL measured -0.9% and Ferreres +0.1%.
Read the full story at Infobae

IASummary generated by artificial intelligence from a story by Infobae. It may contain errors: the original source prevails.

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

    Keep reading