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.
Author: Cecilia Simkievich, Economist