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.
Author: Almanas Stanapedis, Economist