According to the latest report by the Argentine Industrial Association (UIA), the country’s industrial sector slipped 6 % in November 2025, confirming a persistent trend of low activity seen in recent years. Overall production remains 10 % below 2023 levels, with most sectors experiencing declines in output and employment. Only petroleum refining and motorcycle manufacturing have returned to 2022 levels, while small and medium enterprises (SMEs) face critical conditions, with a 4.1 % drop in production and 4.6 % in jobs. Eighty‑one percent of SMEs report rising costs, and 37 % have lost market share to imports—mostly Chinese goods. The decline is partly due to fewer working days caused by holidays. Nevertheless, some subsectors such as steel and industrial equipment manufacturing have slightly improved, rising 0.9 % and 0.4 % respectively. Analysts stress the need for structural reforms to drive sustainable recovery.
