Imports in Uruguay
Uruguay - Imports
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 - Imports Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Imports (USD billion) | 9.8 | 8.5 | 8.7 | 9.1 | 8.6 |
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 remains stable in November
December 3, 2021
Consumer prices increased 0.25% over the previous month in November, below October's 1.04% rise.
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Uruguay: Central Bank raises its monetary policy rate again in November
November 11, 2021
At its 11 November meeting, the Monetary Policy Committee of the Central Bank of Uruguay decided to raise the monetary policy rate by 50 basis points to 5.75%.
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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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