Uruguay Industry

Uruguay

Uruguay: Industrial production slows down in October

December 15, 2014

In October, industrial production rose 6.2% over the same month last year, which was down from the 11.2% increase tallied in September.

Excluding the contribution of the La Teja refinery—the country’s only oil refinery and a key contributor to overall production—industrial output expanded 7.7% year-on-year in October, which was below the 13.3% increase recorded in September. As a result of the slowdown in October, the annual average variation in industrial output declined from September’s 0.9% to 0.2% in October.

LatinFocus Consensus Forecast panelists expect industrial production to increase 1.8% this year, which is unchanged from last month’s forecast. For 2015, the panel sees industrial output growth at 4.2%, which is also unchanged from last month’s Consensus.


Author:, Economist

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Uruguay Industry Chart


Uruguay Industry October 2014

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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