Argentina Textile Sector Collapses: 28,800 Jobs Lost, 1,090 Firms Shut Under Milei

Argentina's textile industry has contracted for 14 consecutive months, with production down 33.8% from August 2023 and capacity utilization at 44.6%, according to Fundación Pro Tejer. The sector has lost 28,800 jobs and 1,090 companies under President Milei's administration, reflecting the broader economic recession and austerity policies. This signals deepening industrial decline, which may weigh on growth and employment, though the government's stabilization efforts could be seen as a necessary adjustment.

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