International Reserves in Uruguay
Uruguay - International ReservesEconomic prospects remained bleak in Q3, after Q2’s record GDP contraction on the coronavirus hit. Industrial output shrank at a faster rate in August, while goods exports fell sharply in the quarter, likely owing to muted demand from key trading partners. Meanwhile, the jobless rate rose in August, hitting an over 14-year high, which likely hampered household spending in the quarter. Turning to Q4, due to a rise in new Covid-19 cases, the government announced at end-October that it will keep borders closed to tourism over the coming summer months, which could weigh on activity. The authorities also renewed restrictions in the city of Rivera where numbers are particularly high, suspending large events and limiting capacity in shops. In other news, on 8 October, Fitch Ratings affirmed the country’s BBB- rating with a negative outlook, citing strained public finances due to the health 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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January 11, 2021
Industrial output nosedived 10.7% year-on-year in November (October: +4.8% yoy).
January 5, 2021
Consumer prices dropped 0.19% from the previous month in December, swinging from November's 0.28% increase.
December 17, 2020
According to rebased national accounts data released by the Central Bank on 17 December, with the new base year referring to 2016 prices, GDP dropped at a milder rate of 5.9% year-on-year in the third quarter, above the 12.5% contraction seen in the second quarter.
December 14, 2020
Industrial output increased 4.8% compared to the same month a year earlier in October, which contrasted September's 1.9% decrease and marked the best result since October 2018.
December 4, 2020
Consumer prices rose 0.28% in November over the previous month, a softer increase than the 0.58% rise logged in October.