Industry in Uruguay
Uruguay - Industry
Industrial production contracts in February
Industrial production fell 2.5% over the same month of the previous year in February, contrasting a 1.3% year-on-year rise in January. Meanwhile, industrial output, excluding refinery output, declined 2.1% in February, following a 1.0% drop in January.
Looking at a breakdown of the sub-components, a sharp contraction in substance processing and chemical products led the decline, followed by manufacture of derived products of oil and coal.
Meanwhile, annual average variation in industrial output moderated to 11.5% in February, down from 11.8% in January.
Uruguay Industrial Production Forecast
FocusEconomics panelists expect industrial production to increase 5.1% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees industrial output growth at 5.3%.
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||34.13||0.24 %||Apr 12|
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April 11, 2019
Industrial production fell 2.5% over the same month of the previous year in February, contrasting a 1.3% year-on-year rise in January.
April 4, 2019
Consumer prices rose 0.6% from a month earlier in March, moderating from February’s 1.0% month-on-month increase.
April 2, 2019
At its 2 April monetary policy meeting, the Central Bank of Uruguay set its target for the growth rate of the M1+ money supply for the second quarter of 2019 to 8.0%–10.0%, up from the previous quarter’s 6.0%–8.0% target.
March 28, 2019
According to detailed national accounts data released by the Central Bank of Uruguay (BCU) on 28 March, growth lost traction in the final quarter of last year, confirming analysts’ expectations.
March 14, 2019
Industrial production rose 1.3% year-on-year in January, swinging from a sharp 8.8% slump recorded in December.