Uruguay: Industrial production rebounds in December
February 12, 2020
Industrial production expanded 3.8% in annual terms in December, contrasting November’s 1.8% drop. Industrial output excluding refinery output grew 2.6% year-on-year in December, swinging from November’s 4.7% slump. Looking at a breakdown of the sub-components, marked increases in the production of food and drinks and rubber and plastic products led the overall expansion.
Meanwhile, annual average variation in industrial production improved from minus 2.5% in November to minus 1.5% in December.