Uruguay: Industrial export prices grew by 9% year-over-year in July due to the boost in food and dairy products.

The Export Price Index (IPE) of the industry registered a monthly increase of 0.6% and a year-on-year increase of 9% in July, according to the monitoring prepared by the Directorate of Economic Studies of the Chamber of Industries of Uruguay (CIU) based on data from SmartDATA. In the total economy, the IPE measured in dollars had a monthly drop of 1%, although it was 3.8% above the level of July of the previous year. The industrial performance, in contrast, showed a more dynamic performance, in line with the recovery of some key export sectors. The food, beverages, and tobacco sector was the one that most influenced the growth of the indicator. The export prices of this group advanced 0.9% in the monthly comparison and accumulated a year-on-year increase of 13.5%. Within the specific products, whole milk powder without added sugar led the increase and explained a large part of the recovery. The improvement in this segment is added to the rebound of other agro-industrial food ...