Industry in Uruguay

Uruguay Industry | Economic News & Forecasts

Uruguay - Industry

Industrial output swings to contraction in December

Industrial production contracted 8.8% on an annual basis in December, compared to a modest 1.7% increase recorded in November. The result marked the first contraction in industrial output in nearly a year and the worst reading since October 2017. The reading largely reflected a marked drop in the production of processed food and beverages, chemical products and basic metals.

Excluding refinery output, industrial production contracted 9.6% annually in December (November: +1.7% year-on-year). In month-on-month terms, industrial output fell 6.3%, following a 3.3% drop in the previous month.


Uruguay Industrial Production Forecast


Panelists surveyed for this month’s LatinFocus Consensus Forecast expect industrial output to increase 4.2% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees industrial output growth slowing to 4.4%.

Uruguay - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)4.1  1.1  3.1  0.3  -11.1  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Uruguay Industry Chart


Uruguay Industry
Note: Annual variation of industrial production in %.
Source: Central Bank of Uruguay and FocusEconomics calculations.

Uruguay Facts

ValueChangeDate
Exchange Rate32.610.24 %Feb 14

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form