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Uruguay Industry December 2019

Uruguay: Industrial production rebounds in December

Industrial production expanded 3.8% in annual terms in December, contrasting November’s 1.8% drop. Industrial output excluding refinery output grew 2.6% year-on-year in December, swinging from November’s 4.7% slump. Looking at a breakdown of the sub-components, marked increases in the production of food and drinks and rubber and plastic products led the overall expansion.

Meanwhile, annual average variation in industrial production improved from minus 2.5% in November to minus 1.5% in December.

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