Industry in Uruguay

Uruguay Industry | Economic News & Forecasts

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

2014   2015   2016   2017   2018  
Industrial Production (annual variation in %)1.1  3.1  0.3  -11.1  11.5  

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Uruguay Industry Chart

Uruguay Industry
Note: Annual variation of industrial production in %.
Source: Central Bank of Uruguay and FocusEconomics calculations.

Uruguay Facts

Value Change Date
Exchange Rate37.330.24 %Jan 01

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