Industry in Uruguay
Uruguay - Industry
Industrial production flat in July
Industrial production remained unchanged over the same month of the previous year in July, improving from a 9.9% year-on-year plunge in June, which had marked the sharpest contraction since October 2017.
Industrial production excluding refinery output rebounded 0.2% on an annual basis in July, contrasting the sharp 8.1% fall in June. Looking at a breakdown of the sub-components, marked increases in the production of substances and chemicals products, and paper and paper products offset falling production of food and beverages.
Meanwhile, annual average variation in industrial production fell from 3.0% in June to 1.5% in July, a 13-month low.
FocusEconomics panelists expect industrial production to increase 1.7% in 2019, which is up 1.1 percentage points from last month’s forecast. For 2020, the panel sees industrial output growth at 3.4%.
Uruguay - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 4.1 | 1.1 | 3.1 | 0.3 | -11.1 |
Uruguay Industry Chart
Source: Central Bank of Uruguay and FocusEconomics calculations.
Uruguay Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 36.72 | 0.24 % | Sep 04 |
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Economic News
Uruguay: Industrial production flat in July
September 18, 2019
Industrial production remained unchanged over the same month of the previous year in July, improving from a 9.9% year-on-year plunge in June, which had marked the sharpest contraction since October 2017.
Uruguay: Economy rebounds mildly in Q2, although headwinds to growth remain
September 18, 2019
The economy rose a meagre 0.1% year-on-year in the second quarter, contrasting the first quarter’s revised 0.3% dip (previously reported: -0.2% year-on-year), which had marked the first contraction since the 2015 recession.
Uruguay: Inflation falls to 16-month low, touches target range
September 4, 2019
Consumer prices rose 0.9% from a month earlier in August, accelerating marginally from July’s 0.8% increase.
Uruguay: Inflation ticks up in July
August 5, 2019
Consumer prices rose 0.8% from a month earlier in July, accelerating mildly from June’s 0.6% increase.
Uruguay: Industrial production slumps in May
July 12, 2019
Industrial production fell 2.5% over the same month of the previous year in May, contrasting a mild 0.4% year-on-year increase in April which had marked a short-lived return to output growth.
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