Uruguay: Manufacturing activity grows at the fastest pace in over two years in September
Latest reading: Manufacturing production growth soared to 9.9% year on year in September (August: +0.7% yoy), marking the best reading since May 2022. Looking at the details of the release, all main subcomponents contributed to the reading. In particular, food and beverages production bounced back, and paper and chemical products output gained steam.
Accordingly, the trend improved notably, with the annual average variation of manufacturing production bouncing back to 0.4%, contrasting August’s minus 0.8% reading.