Uruguay: Industrial production continues to grow in December
February 13, 2017
In December, industrial production grew 5.6% from the same month of the previous year, which followed the 2.6% expansion recorded in November. December’s figure reflected expansions in the output of food and beverages and in chemical products. Conversely, the production of motor vehicles contracted.
Excluding the contribution of the La Teja refinery—the country’s only oil refinery and a key contributor to overall production—industrial output increased 6.1% annually, which was slightly down from November’s 6.3% growth. The trend points upward, with annual average variation in industrial output swinging from minus 0.3% in November to plus 0.3% in December, the highest result in seven months.