Uruguay Industry January 2019

Uruguay

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:, Economist

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Uruguay Industry Chart


Uruguay Industry January 2019

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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