Uruguay: Manufacturing production growth picks up pace in June
Latest reading: Manufacturing production increased 4.2% year on year in June (May: +3.1% yoy). Looking at the details of the release, food output plunged in June, while paper output and petroleum refining production gathered steam. In contrast, chemical substances and food output declined.
Meanwhile, annual average manufacturing output growth rose to 6.0% in June (May: +5.5%), signaling an improving trend in the manufacturing sector.