Industrial export prices fell by 6.1% year-on-year

Industrial export prices fell by 6.1% year-on-year
Industrial export prices fell by 6.1% year-on-year

The Uruguayan Chamber of Industries published a report in which export prices of goods in dollars also fell by 7.7% year-on-year.

Photo: Freepik

He Export Price Index (IPE) Presenting by the Chamber of Industries of Uruguay (CIU) fell 6.1% year-on-year in May, while the same in dollars also saw a drop of 7.7%.

The CIU presented its monthly report of price indexprepared by the Directorate of Economic Studieswhich specifies the growth and decline in each of the industry sectors with respect to export values ​​during the month of May.

In that sense, the IPE goods in the economy, in dollars, increased compared to the previous month (0.9%), while in the interannual comparison it fell by 7.7%. Meanwhile, as regards the industrial sector, the IPE grew 1.3% compared to April and fell 6.1% compared to the same period last year.

export price index may CIU.png

What happened in each sector?

Export prices of the Food, Beverages and Tobacco increased by 2.3% monthly, while they registered a year-on-year fall of 5.2%. Within this sector, the meat was the one with the greatest negative impact “on the group’s external sales prices in the year-on-year comparison.”

For its part, the index of values ​​in the sector of Textile, Clothing and Leathermanaged to increase by 2.4% compared to the month of April, while compared to the month of May 2023, a drop of 5.4% was recorded. Meanwhile, the product that had the greatest negative impact was split leathers with the flower in year-on-year comparison.

Finally, in the group of Chemicals and Plastics, The values ​​compared to April remained fairly stable, recording an increase of 0.3%. However, compared to the same period in 2023, a drop of 11.6% was noted.

Source: Ambito

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