Overview
- INDEC’s mining output rose 1.8% year over year in November and 1.1% from October, taking the January–November gain to 3.2%.
- Crude oil drove the increase, with non‑conventional production up 30.7% year over year as the oil and gas subindex rose 2.9% despite weaker gas.
- Lithium production reached 11,244 tonnes in November, up 66.4% year over year and 61.4% in the January–November period.
- Non‑metallic minerals advanced 9.5% on strong salt (+42.5%) and chemical‑feedstock minerals (+30.3%), while metal‑bearing minerals fell 21.2% with silver and gold down 18.5%.
- Outside mining, manufacturing contracted 8.7% year over year and 0.6% month over month, and construction fell 4.7% year over year and 4.1% month over month.