Uruguay: Industrial output posts quickest growth since November 2021 in May
Industrial output increased 12.0% compared to the same month a year earlier in May, which was markedly above April’s 3.9% increase. May’s print marked the best result since November 2021. Looking at the details of the release, the reading was due to an improvement in food and beverages output growth.
Meanwhile, annual average industrial production growth fell to 12.1% in May (April: +12.9%), which marked a six-month low.