In August, industrial production expanded 5.6% over the same month last year, which marks a slowdown compared to the 7.2% increase recorded in July. The monthly rise was driven by increases in the food and beverages production as well as in the manufacture 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 2.9%, which was down from the 4.5% rise recorded in the previous month. As result of the slower growth in August, the trend deteriorated, with the annual average variation in industrial production falling from minus 1.7% in July to minus 2.2% in August.
Industrial production grows at slower pace in August
September 4, 2012
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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.