In September, industrial production expanded 14.0% over the same month last year, which was almost three times the 5.6% increase recorded in July. In fact, the reading marks the strongest expansion since June 2008. The monthly rise was driven by an acceleration in the production of petroleum and carbon products. Excluding the La Teja refinery's contribution - the country's only oil refinery and a key contributor to overall production - industrial output expanded a mere 0.1%, which was down from the 2.9% rise recorded in the previous month and marks the lowest reading in five months. As result of faster growth in September, the trend improved, with the annual average variation in industrial production rising from minus 2.2% in August to minus 0.8% in September.
Industrial production grows at fastest pace in more than four years
November 11, 2012
Looking for forecasts related to Industry in Uruguay? Download a sample report now.
Uruguay Industry Chart
Note: Year-on-year changes and annual average variation of industrial production in %.
Source: National Statistical Institute (INE).
Uruguay Economic News
October 13, 2016
In August, industrial production grew 2.0% from the same month last year, which contrasted the 5.4% drop recorded in July and marked the best result in six months.
October 6, 2016
In September, consumer prices increased 0.3% over the previous month, down from August’s 0.6% rise.
September 21, 2016
Uruguay’s economy expanded 1.4% year-on-year in Q2 2016, which represented an acceleration over Q1’s revised 0.1% growth (previously reported: -0.5% year-on-year).
September 12, 2016
In July, industrial production contracted 5.4% over the same month last year, which was sharper than the 3.4% decrease in June and represented the fourth consecutive contraction in Uruguay’s industrial output.
September 5, 2016
In August, consumer prices increased 0.6% over the previous month, up from July’s 0.4% rise.