November 6, 2018 / 8:26 PM / 8 months ago

UPDATE 1-Argentine Sept industrial output down 11.5 pct yr/yr

(Adds historic context)

BUENOS AIRES, Nov 6 (Reuters) - Industrial output in Argentina fell by 11.5 percent in September versus the same month last year, government data showed on Tuesday, stark evidence of the economic paralysis gripping the inflation-racked country.

It was the most dramatic dive in industrial production since July 2002, when the country was still reeling from a 2001 sovereign bond default and brutal currency devaluation that tossed millions of middle class Argentines into poverty.

Economists see Argentina’s 2018 inflation rate at 47.5 percent, according to central bank poll data released last week. The survey showed economists expect a 2.4 percent contraction of Argentina’s gross domestic product this year.

Reporting by Hugh Bronstein and Jorge Otaola; Editing by Rosalba O'Brien and Sandra Maler

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