Uruguay: Manufacturing activity growth moderates in August
Latest reading: Manufacturing production growth slowed to 0.7% year on year in August (July: +2.1% yoy). Looking at the details of the release, August’s deceleration was driven by a contraction in food output—marking the weakest reading since March—and a sharper fall in beverage production. In contrast, paper output and chemical product production expanded at a faster pace.
Meanwhile, the trend pointed down, with the annual average variation of manufacturing production coming in at minus 0.8%, down from July’s minus 0.6%.