Unemployment in Uruguay
Uruguay - UnemploymentEconomic 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 - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Uruguay Unemployment Chart
Source: National Statistical Institute (INE).
|Exchange Rate||37.33||0.24 %||Jan 01|
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June 11, 2021
Industrial production surged in April, growing 24.5% on an annual basis (March: +3.7% year-on-year).
June 3, 2021
Consumer prices rose 0.46% from the previous month in May, slowing down from the 0.50% rise recorded in April.
May 12, 2021
Industrial production rebounded on an annual basis in March, growing 3.7% (February: -0.2% year-on-year) and marking the best reading in a year.
May 5, 2021
Consumer prices increased 0.50% in April over the previous month, moderating from March's 0.62% rise.
April 12, 2021
Industrial production fell 0.2% year-on-year in February (January: -3.8% yoy).