Manufacturing production in Uruguay increased 1.4 percent year-on-year in December of 2020, following a 10.7 percent drop in the previous month. The rebound was mostly driven by metal production (89.2 percent vs -5.0 percent in November); chemical products & substances (8.6 percent vs -0.4 percent) and paper & paper products (3.3 percent vs 4.4 percent), while food & drinks fell at a slower rate (-0.5 percent vs -3.6 percent). Excluding oil refineries, industrial output went up 1.6 percent, following a 1.4 percent decline in the previous month. Considering full 2020, industrial production dropped 5.0 percent compared to the previous year. source: Instituto Nacional de Estadística, Uruguay
Industrial Production in Uruguay averaged 4.18 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 March of 2021.
Industrial Production in Uruguay is expected to be 1.50 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 5.00 in 12 months time. In the long-term, the Uruguay Manufacturing Production is projected to trend around 4.00 percent in 2022, according to our econometric models.