Uruguay Industry February 2020

Uruguay

Uruguay: Industrial production rebounds in February ahead of coronavirus blow

April 17, 2020

Industrial production increased 1.0% in annual terms in February, contrasting January’s 3.0% contraction. Industrial output excluding refinery output dropped 1.3% year-on-year in February, a somewhat softer fall than January’s 1.8% decrease. Looking at a breakdown of the sub-components, a sharp increase in the production of petroleum- and carbon-based products led the overall expansion.

Meanwhile, annual average variation in industrial production improved from minus 1.8% in January to minus 1.5% in the second month of this year.

FocusEconomics panelists are still taking the latest developments into account.


Author: Massimo Bassetti, Economist

Sample Report

Looking for forecasts related to Industry in Uruguay? Download a sample report now.

Download

Uruguay Industry Chart


Uruguay Industry February 20 20

Note: Year-on-year changes and annual average variation of industrial production in %.
Source: National Statistical Institute (INE) and FocusEconomics calculations.


Uruguay Economic News

More news

Search form