The volume of industrial production decreased by 4.4% year-on-year

The volume of industrial production decreased by 4.4% year-on-year

The physical volume of manufacturing production decreased by 4.4% year-on-year, mainly impacted by the technical maintenance stoppage carried out Ancap at the La Teja refinery.

In addition to the negative interannual variation compared to September 2022, the Ivfim had an average annual variation (in the January-September 2023 comparison compared to the same period in 2022) of 0.4%.

Likewise, regarding the average variation in the last 12 moving months (October 2022-September 2023 vs. October 2021-September 2022), the volume decreased by 0.5%.

Division 19, “Petroleum Refinery”, had the greatest impact on the product with an impact of 4% after a negative variation of 95.8%, after Ancap The technical stoppage at the La Teja refinery began on September 4.

The bulletin is followed by Division 11, “Beverage Production”, which had a negative impact of 0.6% after a monthly decline of 9.6%.

On the other hand, the section that had the best records was “Manufacturing of Paper and Paper Products” (Division 17), with a variation of 26.6% and an incidence of 2.6 percentage points (pp ) in September. The progressive improvement of this division is mainly due to the start-up of the plant UPM Paso de los Toros (UPM 2) starting in June.


Other indices of the Uruguayan industry in September

In another order, the Index of Hours Worked by workers (IHT) registered a negative interannual variation of 1.5%. The divisions that had the most impact on the decrease in hours worked were “Manufacturing of Textile Products” (Division 13) and “Manufacturing of Motor Vehicles, Trailers and Semi-trailers” (Division 29).

He Employed Personnel Index (IPO) recorded a negative variation of 0.6%, mainly due to the decrease in employed personnel for “Wood Production and Manufacture of Wood Products Except Furniture” (Division 16).

Source: Ambito

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