Skyline at night in Uruguay

Uruguay Industry January 2021

Uruguay: Industrial activity contracts in January

Industrial production fell 0.3% year-on-year in January (December: +1.4% yoy). Industrial output excluding refinery output declined 0.9% on an annual basis in January (December: +1.4% yoy). The figure largely reflected a drop in food and beverages production. In addition, chemical products output contracted.

Meanwhile, the trend improved modestly, with the annual average variation of industrial production coming in at minus 4.8% in January, up from December’s minus 5.0%.

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