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
|Industrial Production (annual variation in %)||4.1||1.1||3.1||0.3||-11.1|
5 years of economic forecasts for more than 30 economic indicators.
Uruguay Industry Chart
Source: Central Bank of Uruguay and FocusEconomics calculations.
|Exchange Rate||32.39||0.24 %||Nov 29|
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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).
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.
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.
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.
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.