Uruguay: Industrial output rebounds in January
March 14, 2019
Industrial production rose 1.3% year-on-year in January, swinging from a sharp 8.8% slump recorded in December. The reading largely reflected a marked improvement in industrial production excluding refinery output, which fell 1.0% in January, compared to the 9.6% drop recorded in the previous month, led by rising food production.
Uruguay Industrial Production Forecast
FocusEconomics panelists expect industrial production to increase 5.1% in 2019, which is up 0.4 percentage points from last month’s forecast. For 2020, the panel sees industrial output growth at 5.3%.
Author: Almanas Stanapedis, Research Team Manager