Industry in Uruguay
Uruguay - Industry
Industrial output defies Covid-19 and expands at quickest pace since October 2018 in March
Industrial production soared 4.7% year-on-year in March (February: +1.0% yoy). The result marked the strongest rise since October 2018.
Industrial production excluding refinery output increased 2.1% year-on-year in March, contrasting February’s 1.3% decline. Looking at a breakdown of the sub-components, a sharp increase in the production of petroleum- and carbon-based products led the overall expansion.
Meanwhile, the trend improved significantly, with the annual average variation of industrial production coming in at minus 0.7% in March, up from February's minus 1.5%.
FocusEconomics panelists are still taking the latest developments into account.
Uruguay - Industry Data
|Industrial Production (annual variation in %)||1.1||3.1||0.3||-11.1||11.5|
5 years of economic forecasts for more than 30 economic indicators.
Uruguay Industry Chart
Source: Central Bank of Uruguay and FocusEconomics calculations.
|Exchange Rate||37.33||0.24 %||Jan 01|
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June 5, 2020
Consumer prices increased 0.6% from a month earlier in May, decelerating from the 2.0% jump recorded in April.
May 13, 2020
Industrial production soared 4.7% year-on-year in March (February: +1.0% yoy).
May 6, 2020
Consumer prices jumped 2.0% from a month earlier in April, accelerating further from the 1.3% increase recorded in March.
April 17, 2020
Industrial production increased 1.0% in annual terms in February, contrasting January’s 3.0% contraction.
April 17, 2020
At its monetary policy meeting on 16 April, the Central Bank of Uruguay decided to lower its target for the growth rate of the M1+ money supply in the second quarter, due to expected lower demand for M1+ given projected economic weakness.