International Reserves in Uruguay
Uruguay - International ReservesEconomic scars from the pandemic and associated containment measures are gradually starting to show in monthly data. After contracting notably in January-February, exports tumbled in March and April, mainly due to vanishing demand from China, Argentina and Brazil. Moreover, recent figures show real wages fell in March on an annual basis, while employment levels continue to decline, boding ill for household spending. In better news, industrial production recovered somewhat in Q1 and, on 30 April, S&P Global Ratings affirmed the country’s BBB classification with a stable outlook. The ratings agency pointed out that, although the current pandemic is set to have a severe impact on the economy and fiscal accounts, investment projects and fiscal adjustment will improve the economic performance for the country once the crisis is over. Moreover, in early May Fitch Ratings highlighted the positive role of Uruguay’s strong institutions in tackling the crisis.
Uruguay - International Reserves Data
|International Reserves (USD)||15.6||13.4||16.0||15.6||14.5|
5 years of economic forecasts for more than 30 economic indicators.
Uruguay International Reserves Chart
Source: Central Bank of Uruguay and FocusEconomics calculations.
|Exchange Rate||37.33||0.24 %||Jan 01|
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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).
June 5, 2020
Consumer prices increased 0.6% from a month earlier in May, decelerating from the 2.0% jump recorded in April.