Industry in Uruguay

Uruguay Industry | Economic News & Forecasts

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  

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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

Exchange Rate32.780.24 %Oct 18

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