Industry in Uruguay
Uruguay - Industry
Industrial output accelerates in September
Industrial production accelerated on an annual basis in September, growing 16.1% when accounting for refinery output (August: +15.5% year-on-year). September’s reading was driven by production at the state-owned oil company’s La Teja refinery, which was closed through much of last year.
Excluding refinery output, industrial production contracted 2.1% annually amid declining processed-food and -beverage output (August: -5.4% year-on-year).
Panelists surveyed for this month’s LatinFocus Consensus Forecast expect industrial output to increase 7.7% in 2019, which is up 0.2 percentage points from last month’s forecast. For 2020, the panel sees industrial output growth slowing to 4.1%.
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 | 32.39 | 0.24 % | Nov 29 |
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Economic News
Uruguay: Industrial output accelerates in September
November 12, 2018
Industrial production accelerated on an annual basis in September, growing 16.1% when accounting for refinery output (August: +15.5% year-on-year).
Uruguay: Inflation dips in October
November 5, 2018
Consumer prices increased 0.2% from a month earlier in October, a few notches slower than September’s 0.5% month-on-month rise.
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.
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