Wednesday September 18 2019
Uruguay GDP Annual Growth Rate at 0.10 percent
The economy of Uruguay grew 0.1 percent year-on-year in the second quarter of 2019, following an upwardly revised 0.3 percent contraction in the previous period. Agriculture, livestock, hunting and forestry activities expanded 0.9 percent, after shrinking 0.5 percent in the first three months of the year. Also, output increased further in transport & communications (5.5 percent vs 5.1 percent in Q1); and financial intermediation services (3.4 percent vs 3 percent). Additionally, output shrank less in manufacturing (-1.9 percent vs -2.6 percent); and trade, repairs, restaurants & hotels (-2.6 percent vs -5.9 percent). Meanwhile, the construction sector contracted 4.7 percent, faster than a 3.5 percent decline in the prior quarter and utilities output growth slowed (3.5 percent vs 12.5 percent). On a quarterly basis, the economy advanced 0.3 percent, rebounding from a 0.1 percent contraction in the first quarter of 2019.