Uruguay: Industrial production slows down in November
January 12, 2015
In November 2014, industrial production rose 3.8% over the same month of 2013, which was down from the 6.2% increase tallied in October.
Excluding the contribution of the La Teja refinery—the country’s only oil refinery and a key contributor to overall production—industrial output expanded even more slowly than the total, posting 3.6% growth in November, which was below the 7.7% rise tallied in October. Despite the notable slowdown in November, the annual average variation in industrial output inched up from October’s 0.2% to 0.3% in November.
Author: Cecilia Simkievich, Economist