Latest reading: Industrial output declined 2.4% in month-on-month seasonally adjusted terms in April, which contrasted March’s 2.4% increase. April’s figure...
Manufacturing Production in Uruguay
In the year 2024, the manufacturing production in Uruguay was 1.82%, compared to 1.11% in 2014 and 0.58% in 2023. It averaged 1.43% over the last decade.
Uruguay Manufacturing Production Chart
Note: This chart displays Manufacturing Production (ann. var. %) for Uruguay from 2014 to 2024.
Source: Macrobond.
Uruguay Manufacturing Production Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Manufacturing Production (ann. var. %) | -5.2 | 12.3 | 3.6 | 0.6 | 1.8 |
Manufacturing activity growth eases in April
Latest reading: Manufacturing output grew 7.2% in year-on-year terms in April, which followed March's 16.2% increase. April’s reading was largely affected by a base effect stemming from the temporary closure of the ANCAP refinery in April 2024. Additionally, the national tourism holiday fell in April this year, compared to March last year, negatively impacting both production and hours worked. Looking at the other subcomponents, both chemical and food output lost steam. Meanwhile, the trend improved, with the annual average growth of manufacturing production coming in at 5.4%, up from March's 5.3% reading.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Uruguayan projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable forecast available for Uruguayan .
Download one of our sample reports to visualize what a Consensus Forecast is and see our Uruguayan projections.
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Latest Global Industrial production News
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Uruguay: Manufacturing activity growth eases in April Latest reading: Manufacturing output grew 7.2% in year-on-year terms in April, which followed March’s 16.2% increase. April’s reading was largely... -
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