Uruguay: Industrial output growth accelerates in February
Industrial output expanded 1.0% in year-on-year terms in February, which was an improvement from January’s 0.6% increase. February’s uptick was spearheaded by stronger growth in food and paper production. In contrast, chemical output swung into contraction.
Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 2.2% in February, down from January’s 3.0% reading.