Argentina industrial capacity utilization drops to 58.5% in August, led by autos and metalworking

Argentina's industrial capacity utilization fell to 58.5% in August, down 1.1 percentage points year-over-year, with sharp declines in metalworking and autos. The data signals continued industrial contraction, though a slight improvement from July suggests stabilization. This is a negative growth signal for Argentina's economy, potentially pressuring the peso and complicating fiscal targets.