Industry in Uruguay
Uruguay - Industry
Industrial output accelerates in July
Factoring in Uruguay’s major-player La Teja oil refinery, industrial output jumped 20.5% annually in July, up from June’s already-upbeat 17.1% expansion. Driving the surge was oil- and coal-derivative output. Meanwhile, annual average growth improved to 3.2% from 0.1% in June.
Industrial output excluding the contribution of La Teja, on the other hand, contracted 0.9% annually in July, an improvement on June’s 3.7% decline.
Panelists surveyed for this month’s LatinFocus Consensus Forecast expect industrial output to increase 7.2% in 2018, which is up 0.3 percentage points from last month’s forecast. For 2019, the panel sees industrial output growth slowing to 4.1%, unchanged from last month’s forecast.
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 | 32.78 | 0.24 % | Oct 18 |
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Economic News
Uruguay: Inflation stable in September
October 3, 2018
Consumer prices increased 0.5% from a month earlier in September, a couple notches slower than August’s 0.7% month-on-month rise.
Uruguay: Growth edges up despite regional turmoil
September 17, 2018
Annual growth ticked up to 2.5% in the second quarter, above the first quarter’s 2.2% expansion but just below analysts’ expectations.
Uruguay: Industrial output accelerates in July
September 11, 2018
Factoring in Uruguay’s major-player La Teja oil refinery, industrial output jumped 20.5% annually in July, up from June’s already-upbeat 17.1% expansion.
Uruguay: Inflation climbs in July on rising fuel costs
August 3, 2018
Consumer prices rose 0.6% from the previous month in July, easing from June’s 1.0% increase.
Uruguay: Central Bank lowers M1+ target growth range in July
July 13, 2018
At its 13 July monetary policy committee meeting, the Central Bank of Uruguay left its inflation target range for the next 24 months unchanged at 3.0%–7.0%.
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