Uruguay Industrial Production Rises 4.8% in August, Driven by Oil Refinery Output
What happened
The National Statistics Institute reported that Uruguay's industrial production increased by 4.8% in August compared to the previous year. This gain was largely due to the state oil refinery, whose output more than doubled after repairs. Excluding the refinery, factory output grew only 1.0% in August, according to the National Statistics Institute.
From riotimesonline.com
Why it matters
The figures show that Uruguay's industrial output averaged 3.3% higher across the first eight months of 2026 than in the same period of 2025. Furthermore, the United States purchased 11% of Uruguay's goods exports in September.
From riotimesonline.com
Who's involved
- UruguayThe country whose industrial production and exports were measured.
- National Statistics InstituteThe official body responsible for measuring Uruguay's industrial production.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- International Monetary FundSpeculative
The International Monetary Fund might adjust growth forecasts based on strong industrial production and exports.
- S&PSpeculative
S&P might improve its credit rating outlook for Uruguay due to improved economic figures.
Keep exploring
The entities involved
-
Uruguay
country in South America
-
National Statistics Institute
Spain's principal government institution in charge of statistics and census data