RIO DE JANEIRO, BRAZIL – The output of Uruguay’s core manufacturing industry grew 14% year-on-year in September, according to National Statistics Institute (INE) data. These figures exclude major players in the manufacturing sector, such as Ancap, UPM, Montes del Plata and Pepsi, which, due to their size and particular production dynamics, distort the analysis.
Industrial core production closed the July-September quarter up 16.8% in the year-on-year comparison. The average annual variation stood at 8.1%.
In September, the Index of Hours Worked per Employee registered an 8.3% variation in the same period, and the Index of Employed Persons registered a 5.7% variation.
In January, 16 industrial segments grew: food; beverages; clothing; leather; wood; paper; printing; refinery; chemical products; rubber and plastic; non-metallic minerals; base metals; electronics, computer and optics; electrical equipment; machinery and equipment; and motor vehicles.
On the other hand, there were declines in 6 segments such as textiles; pharmaceuticals; non-machinery metal products; furniture; other industries; and machinery repair and installation.