FX.co ★ Uruguay Industrial Output Falls Sharply in August

In August 2025, Uruguay experienced a 6.3% year-on-year decline in manufacturing output, a sharp turnaround from the 4.2% growth seen the previous month in July. The most significant impact was observed in petroleum refining, which saw a dramatic 46% decrease due to a partial maintenance-related shutdown at ANCAP’s José Ignacio oil buoy. Additionally, food manufacturing and motor vehicle production also suffered declines of 5% and 45%, respectively. However, some segments observed growth: pharmaceutical production increased by 5.9%, while the manufacture of electrical equipment and chemicals rose by 20.3% and 2%, respectively. The Index of Hours Worked dropped by 8.5%, and the Index of Employed Personnel fell by 2.8%.