Exports in Uruguay
Uruguay - Exports (percent change)Second-quarter growth picked up in annual terms, lifted by the long-awaited rebound in fixed investment that arrived despite continued weakness in private-sector capital spending. Elsewhere in the domestic sector, household spending continued to cool in the quarter, constrained by surging inflation and a weak labor market. Meanwhile, on the external front, exports plummeted amid regional turmoil spearheaded by crisis-stricken Argentina—and owing to an overvalued local peso, which exacerbated the already-dire soybean harvest. Looking ahead, most analysts expect a similar outturn for the economy in the third quarter, although several downside risks have become increasingly apparent. Fixed investment is expected to have grown, but looser industrial capacity is likely to have left only the government’s ambitious spending plans to fund capital outlays. Moreover, while spillover from Argentina remains a clear and present danger, growing economic uncertainty throughout the region is likely to have weakened the sullen external sector through September.
Uruguay - Exports (%) Data
|Exports (annual variation in %)||4.1||0.7||-15.9||-8.9||12.7|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||32.98||0.24 %||Oct 12|
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October 3, 2018
Consumer prices increased 0.5% from a month earlier in September, a couple notches slower than August’s 0.7% month-on-month rise.
September 17, 2018
Annual growth ticked up to 2.5% in the second quarter, above the first quarter’s 2.2% expansion but just below analysts’ expectations.
September 11, 2018
Factoring in Uruguay’s major-player La Teja oil refinery, industrial output jumped 20.5% annually in July, up from June’s already-upbeat 17.1% expansion.
August 3, 2018
Consumer prices rose 0.6% from the previous month in July, easing from June’s 1.0% increase.
July 13, 2018
At its 13 July monetary policy committee meeting, the Central Bank of Uruguay left its inflation target range for the next 24 months unchanged at 3.0%–7.0%.