Uruguay Industry April 2019


Uruguay: Industrial production recovers slightly in April

June 13, 2019

Industrial production rose 0.4% over the same month of the previous year in April, rebounding from a 5.5% year-on-year drop in March which had marked the worst reading so far this year. Meanwhile, industrial production, excluding refinery output, jumped 3.9% on an annual basis in April contrasting a 2.4% drop in March.

Looking at a breakdown of the sub-components, a strong expansion in the production of paper and paper products as well as of food and beverages led the overall expansion.

Meanwhile, annual average variation in industrial production fell from 9.1% in March to 7.4% in April, marking the lowest reading since August 2018.

FocusEconomics panelists expect industrial production to increase 3.9% in 2019, which is down 0.2 percentage points from last month’s forecast. For 2020, the panel sees industrial output growth at 4.8%.

Author:, Economist

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Uruguay Industry Chart

Uruguay Industry April 2019

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

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