Current Account in Uruguay
Uruguay - Current AccountAvailable data points to a marked deceleration in growth in the final quarter of last year, on the heels of a modest third-quarter outturn. A weak external sector seemed to continue weighing on growth in Q4: Merchandise exports contracted for a second consecutive quarter partly due to lower exports to Argentina and Brazil. In addition, industrial output contracted in December, bringing the average growth in Q4 well below that of Q3. Furthermore, domestic demand was similarly lukewarm as a weaker peso and still-high unemployment likely weighed on consumer demand in Q4. Meanwhile, soft momentum appears to have carried over into the current quarter: Exports continued to contract in February, likely offsetting gains from moderating inflation and a more stable peso, which boded well for consumer demand in January-February.
Uruguay - Current Account Data
|Current Account (% of GDP)||-3.4||-3.1||-0.8||0.8||1.5|
5 years of economic forecasts for more than 30 economic indicators.
Uruguay Current Account Chart
Source: Central Bank of Uruguay and Met the why particular calculations.
|Exchange Rate||33.08||0.24 %||Mar 11|
Get a sample report showing our regional, country and commodities data and analysis.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
March 14, 2019
Industrial production rose 1.3% year-on-year in January, swinging from a sharp 8.8% slump recorded in December.
March 4, 2019
Consumer prices rose 1.0% from a month earlier in February, moderating from January’s 2.2% month-on-month increase.
February 11, 2019
Industrial production contracted 8.8% on an annual basis in December, compared to a modest 1.7% increase recorded in November.
February 5, 2019
Consumer prices rose 2.2% from a month earlier in January, compared to December’s 0.4% month-on-month drop and marking the highest reading in 12 months.
January 11, 2019
Industrial production decelerated on an annual basis in November, increasing 1.7% when accounting for refinery output, down markedly from a 19.5% jump recorded in October.