Uruguay: Manufacturing activity growth rises in January
Latest reading: Manufacturing output rose 7.1% year on year in January (December: +5.8% yoy), marking the seventh consecutive month of expansion. Looking at the details of the release, the upturn was chiefly driven by rebounds in food and paper production. On the flipside, chemical products output declined.
Meanwhile, the trend improved, with the annual average growth of manufacturing production coming in at 2.3% in January, up from December’s 1.8% reading.