Uruguay: Industrial output accelerates in September
November 12, 2018
Industrial production accelerated on an annual basis in September, growing 16.1% when accounting for refinery output (August: +15.5% year-on-year). September’s reading was driven by production at the state-owned oil company’s La Teja refinery, which was closed through much of last year.
Excluding refinery output, industrial production contracted 2.1% annually amid declining processed-food and -beverage output (August: -5.4% year-on-year).
Author: Christopher Thomas, Economist