Uruguay: Industrial output bounces back in May
Industrial output grew 0.9% in year-on-year terms in May, which contrasted April’s 3.0% decrease. The reading reflected a broad-based improvement, with activity in the food, paper and chemical substances and products sub-sectors all improving in May.
Meanwhile, annual average industrial production growth fell to 0.7% in May (April: +1.6%), which marked an over two-year low.