Industrial production in Uruguay tumbled 19.6 percent year-on-year in May of 2020, following a 19.3 percent slump in the previous month. It was the steepest decline in industrial activity since February of 2003, amid the Covid-19 pandemic. Output fell primarily for tanning & leather finishing (-76.2 percent) and motor vehicles (-76.1 percent). Excluding oil refinery, industrial output dropped 21.9 percent.

Industrial Production in Uruguay averaged 4.42 percent from 2003 until 2020, reaching an all time high of 57.25 percent in October of 2003 and a record low of -31.14 percent in January of 2003. This page provides - Uruguay Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Uruguay Manufacturing Production - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Instituto Nacional de Estadística, Uruguay

Industrial Production in Uruguay is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Uruguay to stand at 2.10 in 12 months time. In the long-term, the Uruguay Manufacturing Production is projected to trend around 5.00 percent in 2021, according to our econometric models.

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Uruguay Manufacturing Production

Actual Previous Highest Lowest Dates Unit Frequency
-19.60 -19.30 57.25 -31.14 2003 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-04-16 05:30 PM Feb -1.3% -3% -1.8%
2020-05-12 05:30 PM Mar 4.7% -1.3% -5%
2020-06-11 05:15 PM Apr -19.3% 4.7% -5%
2020-07-13 05:30 PM May -19.6% -19.3%
2020-08-11 05:30 PM Jun -19.6% -3%
2020-09-11 05:30 PM Jul
2020-10-13 05:30 PM Aug
2020-11-11 05:30 PM Sep 7%


News Stream
Uruguay Industrial Output Shrinks Most since 2003
Industrial production in Uruguay tumbled 19.6 percent year-on-year in May of 2020, following a 19.3 percent slump in the previous month. It was the steepest decline in industrial activity since February of 2003, amid the Covid-19 pandemic. Output fell primarily for tanning & leather finishing (-76.2 percent) and motor vehicles (-76.1 percent). Excluding oil refinery, industrial output dropped 21.9 percent.
2020-07-13
Uruguay Factory Output Falls the Most since 2017
Industrial production in Uruguay tumbled 19.3 percent year-on-year in April of 2020, following a 4.7 percent rise in the previous month. That was the steepest decline in industrial activity since September of 2017, prompted by the global pandemic. Output fell primarily for food & beverages (-5.1 percent); tanning & leather finishing (-33.5 percent) and printing & binding activities (-25.1 percent). Excluding oil refinery, industrial output sank 22.2 percent.
2020-06-11

Uruguay Manufacturing Production
In Uruguay, industrial production measures the output of businesses integrated in the manufacturing sector of the economy.