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Uruguay Industrial production March 2024

Uruguay: Manufacturing production drops at sharpest rate since May 2020 in March

Manufacturing output decreased 16.7% year on year in March (February: +0.9% yoy). The figure marked the worst reading since May 2020. March’s reading was partly driven by a deterioration in food output. In addition, paper output lost steam.

Meanwhile, the trend pointed down, with the annual average variation of manufacturing production coming in at minus 1.2%, contrasting February’s plus 0.6% reading.

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