Exports in Uruguay
Uruguay - Exports (percent change)Available data suggests the economy likely lost steam again in the fourth quarter. This came on the heels of a soft third-quarter outturn, against the backdrop of tumbling exports due to faltering Argentine demand and the poor soybean harvest. External sector metrics remained downbeat in Q4 as a strong real term appreciation of the Uruguayan peso against its Argentine counterpart led to a drop in tourists and thus tourism revenue, while merchandise exports contracted for a second consecutive quarter. Furthermore, industrial production ran out of steam in the quarter, as output contracted heavily in December amid lower output of food and chemical products. On a more positive note, domestic demand dynamics appeared more upbeat in Q4: Tightening labor market conditions, a more stable Uruguayan peso against the greenback and moderating inflationary pressures boded well for private consumption growth.
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||32.66||0.24 %||Feb 20|
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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.
January 4, 2019
Consumer prices fell 0.4% from a month earlier in December, swinging from November’s 0.4% month-on-month rise.
December 27, 2018
At its 27 December monetary policy meeting, the Central Bank of Uruguay set its target for the growth rate of the M1+ money supply for the first quarter of 2019 to 6.0%–8.0%, down from the previous quarter’s 7.0%–9.0% target.