Uruguay Industry March 2022

Uruguay

Uruguay: Industrial output growth eases in March

May 12, 2022

Industrial output expanded 5.5% compared to the same month a year earlier in March, which followed February’s 11.5% increase.

Meanwhile, annual average industrial production growth rose to 14.5% in January (December: +14.3%), signaling an improving trend in the industrial sector.

Panelists participating in this month’s LatinFocus Consensus Forecast project industrial production to grow 3.9% in 2022, which is down 0.1 percentage points from last month’s estimate, and 3.7% in 2023.


Author:, Economist

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