Manufacturing production in Uruguay edged down 0.2 percent year-on-year in February of 2021, after a 0.3 percent drop in the previous month. It was the second consecutive monthly decline, with main downward pressure coming from production of petroleum products (-12 percent) and food and beverages (-10.1 percent). On the other hand, the largest positive contribution came from rubber & plastic products (29.2 percent). Excluding oil refineries, industrial output increased 0.6 percent. source: Instituto Nacional de Estadística, Uruguay
Industrial Production in Uruguay averaged 4.13 percent from 2003 until 2021, 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 April 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.