Uruguay Industry November 2021

Uruguay

Uruguay: Industrial output growth surges in November

January 11, 2022

Industrial output expanded 21.1% compared to the same month a year earlier in November, which followed October's 6.9% increase. The result marked the best reading since May. The reading was largely due to markedly stronger growth in food and beverage manufacturing, while refinery of coke and petroleum production growth surged in November.

Meanwhile, annual average industrial production growth rose to 11.3% in November (October: +8.8%), signaling an improving trend in the industrial sector.

FocusEconomics panelists project industrial manufacturing production to grow 8.1% in 2022, which is up 0.1 percentage points from last month’s forecast. For 2023, the panel sees output growth at 4.3%.


Author:, Economist

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Uruguay Industry November 2021

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


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