Uruguay Industry


Uruguay: Industrial output drops in August

October 13, 2014

In August, industrial production contracted 0.8% over the same month last year, which contrasted the 5.7% expansion tallied in July.

Excluding the contribution of the La Teja refinery—the country’s only oil refinery and a key contributor to overall production—industrial output in August expanded 0.4% year-on-year, which was significantly slower than the 7.1% expansion recorded in July. As a result of the contraction recorded in August, the annual average growth fell from July’s minus 0.2% to minus 0.4% in August.

LatinFocus Consensus Forecast panelists expect industrial production to increase 1.8% this year, which is down 1.8 percentage points from last month’s forecast. For 2015, the panel sees industrial output growth at 4.6%.

Author:, Economist

Sample Report

Looking for forecasts related to Industry in Uruguay? Download a sample report now.


Uruguay Industry Chart

Uruguay Industry August 2014

Note: Year-on-year changes and annual average variation of industrial production in %.
Source: National Statistical Institute (INE) and FocusEconomics calculations.

Uruguay Economic News

More news

Search form