Uruguay - BNP, Årlig Growth Rate

The economy of Uruguay grew 0.1 percent year-on-year in the second quarter of 2019, following an upwardly revised 0.3 percent contraction in the previous period. Agriculture, livestock, hunting and forestry activities expanded 0.9 percent, after shrinking 0.5 percent in the first three months of the year. Also, output increased further in transport & communications (5.5 percent vs 5.1 percent in Q1); and financial intermediation services (3.4 percent vs 3 percent). Additionally, output shrank less in manufacturing (-1.9 percent vs -2.6 percent); and trade, repairs, restaurants & hotels (-2.6 percent vs -5.9 percent). Meanwhile, the construction sector contracted 4.7 percent, faster than a 3.5 percent decline in the prior quarter and utilities output growth slowed (3.5 percent vs 12.5 percent). On a quarterly basis, the economy advanced 0.3 percent, rebounding from a 0.1 percent contraction in the first quarter of 2019.

The economy of Uruguay shrank 0.2 percent year-on-year in the first quarter of 2019, following a 0.6 percent expansion in the previous period. It was the first contraction since the last quarter of 2015, as output shrank in primary activity (-0.1 percent vs 8 percent in Q4) and other activities (-0.4 percent vs 0.3 percent). Also, output declined further in trade and restaurants & hotels (-6.9 percent vs -6 percent) and construction (-3 percent vs -1.8 percent). Additionally, growth slowed in transport, storage & communications (5.3 percent vs 8.6 percent); and utilities (21.1 percent vs 21.7 percent). Meanwhile, manufacturing activity contracted 2.5 percent, after shrinking 4.1 percent in the last quarter of 2018. On a quarterly basis, the economy stalled, following an upwardly revised 0.2 percent contraction in the prior period.

The economy of Uruguay grew 0.6 percent year-on-year in the fourth quarter of 2018, the least since the first quarter of 2016, following a 1.8 percent expansion in the previous three-month period. Output growth was supported mainly by utilities (21.7 percent vs 1.6 percent in Q3); transport & communication (8.6 percent vs 6.3 percent); agriculture (8.3 percent vs 9.5 percent); financial intermediation services (2 percent vs 1.3 percent). By contrast, trade, restaurants & hotels contracted sharply (-6 percent vs -1.9 percent), as well as manufacturing (-4.1 percent vs 4.1 percent).