Investor Presentaiton
2
Leading economic indicators suggest that a recovery is
underway amid higher social mobility, with a positive
impact on fiscal revenues
Industrial production is recovering strongly, and tax revenues remain resilient
Gasoline Demand (1)
(Rolling 7-day average, YoY change, in %)
164
Manufacturing Production (2)
(YoY real change, in %)
Peak
30
50
10
20
10
19.8
-10
-30
-20
-70
-30
Jan-20 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 May-21 Aug-21
Jan-19 Jun-19 Nov-19
Apr-20
Sep-20 Feb-21 Jun-21
Investment in Machinery and Equipment (3)
(Index, in physical volume, base 100 = Jun-17)
130
Tax Revenue Collection (4)
(YoY real change, in %)
134
20
110
90
70
Jun-17
Jun-18
10
9.6
-10
-20
Jun-19
Jun-20
Jun-21
Jan-20 Apr-20
Jul-20
Oct-20
Jan-21
Apr-21 Jun-21
15
(1) Source: Ministry of Economy and Finance.
(2) Source: National Statistics Institute
(3) Source: Chamber of Industries of Uruguay.
(4) Source: Tax General Directorate (Ministry of Economy and Finance)View entire presentation