Industry in Uruguay

Uruguay Industry | Economic News & Forecasts

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

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)4.1  1.1  3.1  0.3  -11.1  

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Uruguay Industry Chart


Uruguay Industry
Note: Annual variation of industrial production in %.
Source: Central Bank of Uruguay and Met the why particular calculations.

Uruguay Facts

ValueChangeDate
Exchange Rate35.310.24 %Jun 13

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