Argentina’s industrial production fell 8.7% year-on-year in February 2026, following a 3.2% drop in January and marking the sharpest contraction since November 2025. Fourteen of sixteen manufacturing divisions posted drops in output. The steepest drops were in food and beverages down 6.9%, machinery and equipment down 29.4%, motor vehicles bodies trailers and parts down 24.6%, other equipment appliances and instruments down 24.6%, wearing apparel leather and footwear down 18.2%, rubber and plastic products down 15.7%, basic metal industries down 12.5%, textiles down 33.2%, furniture mattresses and other manufacturing down 12.3%, non-metallic mineral products down 7.2%, metal products down 5.7%, tobacco products down 14.9%, other transport equipment down 19.8%, and wood paper publishing and printing down 1.5%. Positive contributions came from petroleum refining coke and nuclear fuel up 19.7% and chemical substances and products up 3.7%. On a monthly basis, industrial activity fell 4.0%.