Uruguay Industry August 2022

Uruguay

Uruguay: Industrial output rebounds in August

October 12, 2022

Industrial output increased 9.3% year on year in August (July: -1.0% yoy). August's rise was largely due to a surge in output in the food and automotive industries. In contrast, pharmaceutical and paper production fell.

Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 8.7%, down from July's 9.0%.

Panelists participating in this month’s LatinFocus Consensus Forecast project industrial production to grow 2.9% in 2023, which is down 0.2 percentage points from last month’s estimate, and 2.6% in 2024.


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Uruguay Industry August 2022 0

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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