Uruguay Manufacturing Growth Slows in May âšī¸
Uruguay's manufacturing output grew 3.1% year-on-year in May 2025, with significant growth in Petroleum Refining and Motor Vehicles sectors, but declining performance in Food Products and Pharmaceuticals.
Manufacturing data shows mixed signals with moderate growth and sector-specific variations. Limited global market implications and minimal direct impact on portfolio holdings due to Uruguay's relatively small economic footprint.
Uruguay Cuts Key Rate by 25bps to 9% âšī¸
Uruguay's Central Bank reduced policy rate by 25 basis points to 9.00%, maintaining a contractionary stance while inflation approaches its 4.5% target.
Monetary policy adjustment reflects controlled inflation management with moderate economic implications. Limited direct relevance to global market portfolios due to Uruguay's smaller economic scale.