Industry in Uruguay
Uruguay - Industry
Industrial production slumps again in March
Industrial production fell 5.5% over the same month of the previous year in March, following a milder 2.5% year-on-year drop in February and marking the worst reading so far this year. Meanwhile, industrial production, excluding refinery output, declined 2.4% on an annual basis in March compared to the 2.1% dip in February.
Looking at a breakdown of the sub-components, a marked contraction in the production of basic metals and derived products of oil and coal led the overall contraction.
Meanwhile, annual average variation in industrial output fell from 11.5% in February to 9.1% in March, marking the lowest reading since September 2018.
Uruguay Industrial Production Forecast
Met the why particular panelists expect industrial production to increase 5.1% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees industrial output growth at 5.3%.
Uruguay - Industry Data
|Industrial Production (annual variation in %)||4.1||1.1||3.1||0.3||-11.1|
5 years of economic forecasts for more than 30 economic indicators.
Uruguay Industry Chart
Source: Central Bank of Uruguay and Met the why particular calculations.
|Exchange Rate||35.31||0.24 %||Jun 13|
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June 5, 2019
Consumer prices rose 0.4% from a month earlier in May, unchanged from April’s reading.
May 13, 2019
Industrial production fell 5.5% over the same month of the previous year in March, following a milder 2.5% year-on-year drop in February and marking the worst reading so far this year.
May 3, 2019
Consumer prices rose 0.4% from a month earlier in April, moderating from the 0.6% month-on-month increase recorded in March.
April 11, 2019
Industrial production fell 2.5% over the same month of the previous year in February, contrasting a 1.3% year-on-year rise in January.
April 4, 2019
Consumer prices rose 0.6% from a month earlier in March, moderating from February’s 1.0% month-on-month increase.