Exports in Uruguay
Uruguay - Exports
After GDP expanded year-on-year for the first time since Q3 2019 in the second quarter, growth likely eased notably in the third quarter due to a less favorable base effect. That being said, conditions should have remained upbeat in sequential terms, as the loosening of Covid-19 restrictions likely continued to support household spending, while healthy export growth suggests the external sector remained solid. Turning to Q4, momentum is likely keeping pace as a rapid vaccine rollout and relatively muted new Covid-19 cases in October bode well for domestic activity. In other news, the IMF concluded its Article IV mission in early October, urging authorities to step up their efforts to address structural problems in human capital to facilitate a faster recovery in the labor market, as the pandemic has accentuated the nation’s skills mismatch issue among low-income workers.
Uruguay - Exports Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Exports (USD billion) | 11.1 | 10.4 | 11.1 | 11.5 | 11.5 |
Uruguay Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 37.33 | 0.24 % | Jan 01 |
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Economic News
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Uruguay: Inflation rises in October
November 5, 2021
Consumer prices increased 1.04% over the previous month in October, which was higher than September's 0.46% rise.
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Uruguay: Industrial output growth eases in August
October 13, 2021
Industrial output expanded 14.0% compared to the same month a year earlier in August, which followed July's 18.7% increase.
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Uruguay: Industrial manufacturing output growth slows in June, but remains upbeat nonetheless
August 11, 2021
Industrial manufacturing output grew 19.8% in year-on-year terms in June, which was down from May's 22.9% increase.
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Uruguay: Central Bank raises its monetary policy rate in August
August 11, 2021
At its 11 August meeting, the Monetary Policy Committee of the Central Bank of Uruguay decided to raise the monetary policy rate by 50 basis points to 5.00%.
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Uruguay: Inflation holds steady in July
August 4, 2021
Consumer prices rose 0.52% from the previous month in July, moderating from June's 0.67% increase.
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