Industry in Uruguay
Uruguay - Industry
Industrial output growth dips in September
Industrial production expanded 2.7% year on year in September (August: +9.3% yoy). September's notable moderation was largely driven by contractions in paper and chemical substances production and in oil refining. That said, food and automobile production rose markedly.
Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 7.9% in September, down from August's 8.7%.
Panelists participating in this month’s LatinFocus Consensus Forecast project industrial production to grow 2.9% in 2023, which is down 0.2 percentage points from last month’s estimate, and 2.6% in 2024.
Uruguay - Industry Data
|Industrial Production (annual variation in %)||3.1||0.3||-11.1||11.5||-1.5|
5 years of economic forecasts for more than 30 economic indicators.
Uruguay Industry Chart
Source: Central Bank of Uruguay and FocusEconomics calculations.
|Exchange Rate||37.33||0.24 %||Jan 01|
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November 15, 2022
On 15 November, the Monetary Policy Committee of the Central Bank of Uruguay (BCU) increased the policy rate from 10.75% to 11.25%.
November 11, 2022
Industrial production expanded 2.7% year on year in September (August: +9.3% yoy).
November 4, 2022
Inflation eased to 9.0% in October from September’s 9.9%.
October 12, 2022
Industrial output increased 9.3% year on year in August (July: -1.0% yoy).
October 6, 2022
On 6 October, the Monetary Policy Committee of the Central Bank of Uruguay (BCU) increased the policy rate from 10.25% to 10.75%.