Argentina Metalworking Output Falls 3.3% in Sept; Capacity Use at 9-Year Low

ADIMRA reports metalworking activity fell 3.3% in September, deepening a 5.3% year-to-date decline, with capacity utilization at 40.2%—the lowest for that month since 2016. Employment contracted 1.9% year-on-year, signaling sustained industrial weakness. The data points to continued economic contraction in Argentina's manufacturing sector, though the report is preliminary and based on industry association data.