Uruguay: Contraction in industrial production eases in November
January 13, 2020
Industrial production dropped 1.8% in annual terms in November, a softer contraction than October’s 7.9% plunge.
Industrial output excluding refinery output fell 4.7% year-on-year in November, up from October’s 5.6% slump. Looking at a breakdown of the sub-components, marked decreases in the production of food and drinks, tanneries and paper and paper products led the overall contraction.
Meanwhile, annual average variation in industrial production fell from 2.2% in October to minus 2.5% in November, marking the first contraction since April 2018.