Industry in Uruguay
Uruguay - Industry
Industrial output tumbles at sharp pace amid containment measures in May
Industrial production nosedived 19.6% year-on-year in May (April: -19.3% yoy). The result marked the weakest reading since February 2003.
Industrial production excluding refinery output tumbled 21.9% year-on-year in May, following April’s pronounced 22.2% dive. Looking at a breakdown of the sub-components, a sharp fall in the production of food products and beverage led the overall slump.
Meanwhile, the trend deteriorated significantly, with the annual average variation of industrial production coming in at minus 3.8% in May, down from April's minus 2.3%.
FocusEconomics panelists are still taking the latest developments into account.
Uruguay - Industry Data
|Industrial Production (annual variation in %)||3.1||0.3||-11.1||11.5||-1.5|
5 years of economic forecasts for more than 30 economic indicators.
Uruguay Industry Chart
Source: Central Bank of Uruguay and FocusEconomics calculations.
|Exchange Rate||37.33||0.24 %||Jan 01|
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July 14, 2020
Industrial production nosedived 19.6% year-on-year in May (April: -19.3% yoy).
July 6, 2020
Consumer prices were unchanged from a month earlier in June, following the 0.6% increase recorded in May.
June 26, 2020
At its 25 June monetary policy meeting, the Central Bank of Uruguay increased its target for the growth rate of the M1+ money supply in Q3 2020 to 7.0%–10.0%, from the previous quarter’s target of 3.0%–5.0%.
June 22, 2020
The economy slumped 1.4% year-on-year in the first quarter of 2020, after expanding 0.2% in the fourth quarter of last year, recording the worst contraction since Q2 2003.
June 11, 2020
Industrial production nosedived 19.3% year-on-year in April (March: +4.7% yoy).