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.
Author: Steven Burke, Economist