Industry in Uruguay

Uruguay Industry | Economic News & Forecasts

Uruguay - Industry

Industrial output growth eases in August

Industrial output expanded 14.0% compared to the same month a year earlier in August, which followed July's 18.7% increase. The result marked the worst reading since March. Industrial output excluding refinery output climbed 40.9% on an annual basis in August (July: +18.7% yoy). The reading was largely due to a deterioration in food output, which grew at the slowest pace since March. In addition, paper and paper products output also decelerated. Lastly, coke and petroleum refining products production gained pace, while beverages production increased.

Meanwhile, annual average industrial production growth rose to 6.7% in August (July: +4.8%), signaling an improving trend in the industrial sector.

FocusEconomics panelists project industrial manufacturing production to grow 5.4% in 2021, which is down 0.2 percentage points from last month’s forecast. For 2022, the panel sees output growth at 3.5%.

Uruguay - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)3.1  0.3  -11.1  11.5  -1.5  

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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

Value Change Date
Exchange Rate37.330.24 %Jan 01

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