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Argentina’s Industrial Capacity Use Slips to 61% in October as Textiles Sink to One-Third

Declines in packaging and car output signal soft domestic demand, raising doubts about a near‑term rebound.

Overview

  • INDEC reported industry operating at 61% of installed capacity in October 2025, down from 63% a year earlier, marking a second straight month above 60% after September’s 61.1%.
  • Textile utilization fell to 32.5% from 47.8% in October 2024, driven by sharp drops in cotton‑yarn production (−34.7%) and fabric manufacturing (−34.1%).
  • Paper and cardboard use declined to 62.3% from 72.9%, with reduced packaging output highlighted as a gauge of weaker consumption and logistics activity.
  • Rubber and plastics fell to 42.6% from 48.9% because of lower output of plastic manufactures and tires, underscoring broad sectoral weakness.
  • Automotive utilization eased to 56.1% from 61.2% due to fewer units produced by terminals, and analysts question the sector’s ability to regain momentum by year‑end.