Uruguay: Manufacturing production edges up in December
Latest reading: Manufacturing production growth inched up to 5.8% year on year in December (November: +5.7% yoy), marking the sixth consecutive month of expansion. Looking at the details of the release, food production declined at a milder pace, and chemical products plus beverages output rebounded. That said, paper production contracted.
Accordingly, the trend improved notably, with the annual average variation of manufacturing production rising to 1.8% from November’s 0.6% expansion.