Skyline at night in Uruguay

Uruguay Industry July 2018

Uruguay: Industrial output accelerates in July

Factoring in Uruguay’s major-player La Teja oil refinery, industrial output jumped 20.5% annually in July, up from June’s already-upbeat 17.1% expansion. Driving the surge was oil- and coal-derivative output. Meanwhile, annual average growth improved to 3.2% from 0.1% in June.

Industrial output excluding the contribution of La Teja, on the other hand, contracted 0.9% annually in July, an improvement on June’s 3.7% decline.

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