Despite a positive January, they have accumulated falls in 8 of the last 9 months, according to data from the Chamber of Industries of Uruguay.
The prices of the exports They fell again in February, after what was a positive start to the year, according to the indicator prepared monthly by the Chamber of Industries of Uruguay (CIU),
Of the Export Price Index (IPE) of goods in the economy, it appears that the values fell 0.5% compared to January and have accumulated negative variations in 8 of the last 9 months, in line with the decline in placements that occurred last month, more beyond a first two months that had been promising.
Meanwhile, if the prices for February 2023 are analyzed, the year-on-year decrease is 8.2%, a drop that accompanied a level of placements that operated downwards last year.
The monthly indicator also reflected that, if only the industrial sector, Prices grew by 0.5% in February compared to the previous month, sealing their second consecutive increase. However, they reached a drop of 6.7% in the year-on-year comparison.
Export prices.jpg
What are the prices that fell the most?
When surveying by items, the CIU reflected that the prices of exports of Food, Drinks and Tobacco recorded a decrease of 5.7% year-on-year, beyond the improvement of 0.3% compared to January. This situation was driven by a decrease in the sales values of meat.
Meanwhile, the prices of placements in the branch of Textile, Clothing and Leather They decreased 1.4% in the monthly comparison and reached a significant year-on-year drop of 12.6%, driven by split-grain leather.
Finally, the grouping values Chemicals and Plastics They rose 0.4% in February, but in year-on-year terms they were the worst performers, with a drop of 14.8%.
Source: Ambito
