Uruguay Manufacturing Output Slows in October
2024-12-13
Category: economic

Manufacturing production in Uruguay rose by 7.5% year-on-year in October 2024, a slowdown from the sharpest expansion since May 2022 of 9.9% in the previous month.
The main growth drivers were oil refining, with an impressive 6,039.1% increase due to ANCAP’s refinery maintenance in September 2023, followed by paper and paper products (6%) and pharmaceutical products (8%).
The division with the largest negative impact was repair and installation of machinery and equipment (-24.5%), followed by wood production and wood products (-12.3%) and rubber and plastic products (-5.5%).
Meanwhile, the index of hours worked (IHT) increased by 0.1%, and the index of employed personnel (IPO) rose by 0.3%.