Uruguay's manufacturing production rose by 5.7% year-on-year in November 2024, marking a further slowdown from 7.5% in the previous month and the sharpest expansion since May 2022 of 9.9% in September. The primary growth drivers included oil refining, which saw a remarkable 4,943.1% increase due to ANCAP’s refinery maintenance in September 2023, followed by paper and paper products (11.6%) and pharmaceutical products (15.3%). However, the food and food products sector (-3%), chemical products (-10.7%), and vehicles (-18.9%) posted the largest declines. Meanwhile, the index of hours worked (IHT) fell by 2.5%, and the index of employed personnel (IPO) edged down by 0.2%. source: Instituto Nacional de Estadística, Uruguay

Industrial Production in Uruguay increased 5.70 percent in November of 2024 over the same month in the previous year. Industrial Production in Uruguay averaged 4.29 percent from 2003 until 2024, reaching an all time high of 57.25 percent in October of 2003 and a record low of -31.14 percent in January of 2003. This page provides - Uruguay Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Uruguay Manufacturing Production - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025.

Industrial Production in Uruguay increased 5.70 percent in November of 2024 over the same month in the previous year. Industrial Production in Uruguay is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uruguay Manufacturing Production is projected to trend around 2.00 percent in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-12-12 05:30 PM
Industrial Production YoY
Oct 7.5% 9.9% 4.2%
2025-01-13 05:00 PM
Industrial Production YoY
Nov 5.7% 7.5% 4.0%
2025-02-14 06:00 PM
Industrial Production YoY
Dec 5.7% 1%


Related Last Previous Unit Reference
Changes in Inventories -9928.03 -3226.89 UYU Thousand Sep 2024
Corruption Index 73.00 74.00 Points Dec 2023
Corruption Rank 16.00 14.00 Dec 2023
Industrial Production YoY 5.70 7.50 percent Nov 2024

Uruguay Manufacturing Production
In Uruguay, industrial production measures the output of businesses integrated in the manufacturing sector of the economy.
Actual Previous Highest Lowest Dates Unit Frequency
5.70 7.50 57.25 -31.14 2003 - 2024 percent Monthly


News Stream
Uruguay Manufacturing Output Slows Further in November
Uruguay's manufacturing production rose by 5.7% year-on-year in November 2024, marking a further slowdown from 7.5% in the previous month and the sharpest expansion since May 2022 of 9.9% in September. The primary growth drivers included oil refining, which saw a remarkable 4,943.1% increase due to ANCAP’s refinery maintenance in September 2023, followed by paper and paper products (11.6%) and pharmaceutical products (15.3%). However, the food and food products sector (-3%), chemical products (-10.7%), and vehicles (-18.9%) posted the largest declines. Meanwhile, the index of hours worked (IHT) fell by 2.5%, and the index of employed personnel (IPO) edged down by 0.2%.
2025-01-13
Uruguay Manufacturing Output Slows in October
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%.
2024-12-12
Uruguay Manufacturing Output Growth Surges in September
Manufacturing production in Uruguay rose by 9.9% year-on-year in September 2024, a significant acceleration from the 0.7% increase in the previous month. The main growth drivers were oil refining, with an impressive 2,936% increase due to ANCAP’s refinery maintenance in September 2023, followed by paper and paper products (18.2%) and food and food products (4.7%). The division with the largest negative impact was metal products, excluding machinery and equipment (-25.9%), followed by machinery and equipment manufacturing (-32.4%) and rubber and plastic products (-5.4%). Meanwhile, the index of hours worked (IHT) decreased by 1.3%, and the index of employed personnel (IPO) dropped by 0.9%.
2024-11-11