INSUBCONTINENT EXCLUSIVE:
Uruguays manufacturing industry output grew by an average of 3.6 percent in 2022 versus 2021, driven by food processing, the National
Statistics Institute (INE) reported the other day, Monday.Last year, the division with the greatest positive incidence of the Manufacturing
Industry Physical Volume Index (IVFIM) was Food Products, with an advance of 7.0 percent and a weight of 2.8 portion points.It was followed
in importance by Motor Vehicles and Wood Production and Products, with increases of 103 and 17 percent, respectively, and shares of 2 and
0.3 portion points.Uruguayan market production grows 3.6% in 2022
(Photo web recreation)On the other hand, the departments with the greatest negative impact were Pharmaceutical Products and Paper and Paper
Products , with respective variations of -7.8 and -4.2 percent and effects of -0.5 portion points in both cases.The IVFIM recorded a
year-on-year boost of 1.1 percent last December.In 2021, commercial production broadened by 12.3 percent, a figure in which beef processing
had a substantial influence.The federal government of President Luis Lacalle Pou anticipates the Gross Domestic Product (GDP) to have grown
by 4.80 percent in 2022, an outcome that will be officially announced next March