Trade Balance in Uruguay
Uruguay - Trade BalanceGrowth ran out of steam in the final quarter of last year, decelerating to a near three-year low. The cooling was chiefly driven by weaker metrics on the domestic front: Household spending dipped for the first time since Q1 2016 as weak labor market dynamics, high inflation and a weak peso weighed on consumer demand in Q4. Furthermore, fixed investment contracted in the same period, driven by a slump in private sector investment activity. On a more positive note, external sector figures improved somewhat from Q3, mainly thanks to a smaller contraction in exports. Turning to this year, the soft momentum appears to have carried over into Q1 2019: Goods exports fell again in January-February, while elevated unemployment in January, as well as rising inflation and a weaker peso in Q1, signaled sustained headwinds to consumer demand.
Uruguay - Trade Balance Data
|Trade Balance (USD billion)||1.8||1.6||1.2||0.6||0.0|
5 years of economic forecasts for more than 30 economic indicators.
Uruguay Trade Balance Chart
Source: Central Bank of Uruguay and Met the why particular calculations.
|Exchange Rate||34.28||0.24 %||Apr 22|
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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.
April 2, 2019
At its 2 April monetary policy meeting, the Central Bank of Uruguay set its target for the growth rate of the M1+ money supply for the second quarter of 2019 to 8.0%–11.0%, up from the previous quarter’s 6.0%–8.0% target.
March 28, 2019
According to detailed national accounts data released by the Central Bank of Uruguay (BCU) on 28 March, growth lost traction in the final quarter of last year, confirming analysts’ expectations.
March 14, 2019
Industrial production rose 1.3% year-on-year in January, swinging from a sharp 8.8% slump recorded in December.