Industry in Uruguay
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 |
Uruguay Industry Chart
Source: Central Bank of Uruguay and FocusEconomics calculations.
Uruguay Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 36.72 | 0.24 % | Sep 04 |
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Economic News
Uruguay: Industrial output growth jumps to 11-month high in September
November 11, 2019
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.
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Industrial production rose 4.1% in annual terms in August, following July’s flat reading and marking the strongest increase since October 2018.
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