Uruguay: Manufacturing activity expands at quickest pace since March in August
Manufacturing output grew 2.1% in year-on-year terms in August, which was above July’s 2.0% increase. The print marked the best reading since March. Strong growth in food and beverages production drove the reading, more than offsetting double digit declines in sectors such as vehicles, clothing and oil refining.
Meanwhile, the trend pointed down, with the annual average growth of manufacturing production coming in at 0.1%, down from July’s 0.7% reading.