Uruguay Industry


Industrial production continues to expand at a strong pace

In November, industrial production expanded a strong 18.5% over the same month the previous year, which was, nonetheless, down from the 18.9% increase recorded in October.

The monthly rise was driven, in particular, by a pick-up in the production of wood and wood products. Excluding the La Teja refinery's contribution - the country's only oil refinery and a key contributor to overall production - industrial output expanded 2.0%, which was up from the 1.0% rise recorded in the previous month.

As a result of November's positive reading, the trend improved, with the annual average variation in industrial production rising from 1.9% in October to 4.2% in November.

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Uruguay Industry Chart

Uruguay Industry November 2012

Note: Year-on-year changes and annual average variation of industrial production in %.
Source: National Statistical Institute (INE).

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