Industry in Uruguay

Uruguay Industry | Economic News & Forecasts

Uruguay - Industry

Industrial output growth jumps to 11-month high in September

Industrial production rose 4.3% in annual terms in September, accelerating slightly from August’s 4.1% increase and marking the strongest increase since October 2018.

Industrial output excluding refinery output increased 2.6% year-on-year in September, slowing from August’s 5.3% jump. Looking at a breakdown of the sub-components, marked increases in the production of food and drinks, petroleum and coal products, and paper and paper products led the overall expansion.

Meanwhile, annual average variation in industrial production fell from 0.7% in August to minus 0.1% in September, marking the first contraction since May 2018.

FocusEconomics panelists expect industrial production to fall 1.6% in 2020, which is up 0.3 percentage points from last month’s forecast. For 2021, the panel sees industrial output growth at 2.8%.

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 Rate36.720.24 %Sep 04

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