Uruguay: Industrial output rebounds in August
October 14, 2019
Industrial production rose 4.1% in annual terms in August, following July’s flat reading and marking the strongest increase since October 2018.
Industrial output excluding refinery output increased 5.3% year-on-year in August, accelerating sharply from a 0.2% uptick in July. Looking at a breakdown of the sub-components, marked increases in the production of food and drinks, paper and paper products, and non-electric machinery drove the upturn.
Meanwhile, annual average variation in industrial production fell from 1.5% in July to 0.7% in August, a 14-month low.
Author: Almanas Stanapedis, Economist