Uruguay: Industrial production grows in November
January 10, 2017
In November, industrial production grew 2.6% from the same month of the previous year, which contrasted the 3.0% contraction recorded in October. November’s figure reflected expansions in the output of paper products and food and beverages. Conversely, the production of oil and oil-based products contracted.
Excluding the contribution of the La Teja refinery—the country’s only oil refinery and a key contributor to overall production—industrial output grew 6.3% annually, which contrasted October’s 5.9% drop. The trend consequently pointed upward, with annual average variation in industrial output increasing from minus 0.6% in October to minus 0.3% in November.