FX.co ★ Uruguay Manufacturing Extends Slide in October

Uruguay experienced a significant downturn in its manufacturing sector in October 2025, with output declining by 5.3% compared to the same month the previous year. This followed a similar contraction of 5.2% in September. The most substantial declines were recorded in the production of paper and paper products, which plummeted by 16.8%, petroleum refining which saw a 31.8% decrease, and food manufacturing, which fell by 3.2%. However, not all sectors saw declines; there was notable growth in beverages, which increased by 9.3%, chemicals with a 4% rise, and a remarkable 51.4% surge in machinery and equipment production. Unfortunately, labor metrics mirrored the industrial slump, as evidenced by a 1.6% reduction in the Hours Worked Index and a 3.4% drop in the Employed Personnel Index.