Uruguay: Industrial production accelerates slightly in June
August 11, 2015
In June, industrial production rose 5.9% over the same month last year, which came in slightly above the 5.7% increase recorded in May. The increase largely reflected rising output of paper and paper products.
Excluding the contribution of the La Teja refinery—the country’s only oil refinery and a key contributor to overall production—industrial output expanded 9.3% in June, which represented the largest increase in three months and came in well above the modest 0.6% rise tallied in May. As a result, the trend continues to point upwards: annual average variation in industrial output rose from 6.3% in May to 6.6% in June, which marked the highest reading since August 2013.