Uruguay's first-quarter GDP rose 10.9 pct on year

Reuters    Translate This Article
10 June 2008

MONTEVIDEO, June 10 (Reuters) - Uruguay's economy grew 10.9 percent in the first quarter compared with the same period of 2007, the government said on Tuesday.

It also grew 2.4 percent in the first three months of the year when compared with the last quarter of 2007, the central bank said in a statement.

The year-on-year figure was boosted by external demand for Uruguay's agro-industrial goods and domestic demand for certain services, such as communications.

The transportation and communications sector expanded nearly 27 percent from the first quarter of last year, while manufacturing activity grew 13.4 percent.

The government forecasts economic growth of 5.25 percent this year, while analysts surveyed by the central bank estimate growth of 6.11 percent.

Uruguay's economy grew 7.4 percent in 2007, marking its fifth straight year of expansion after deep crisis.

(Reporting by Patricia Avila; Writing by Hilary Burke; Editing by Diane Craft)

Copyright 2008 Reuters. Reprinted with permission from Reuters. Reuters content is the intellectual property of Reuters or its third party content providers. Any copying, republication or redistribution or Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. Reuters and the Reuters Sphere Logo are registered trademarks of the Reuters group of companies around the world. For additional information about Reuters content and services, please visit Reuters website at www.reuters.com. License # REU-4198-JJM.



Translation software is not perfect; however if you would like to try it, you can translate this page using:

(Google) Select a language English to Afrikaans English to Albanian English to Arabic English to Belarusian English to Bulgarian English to Catalan English to Chinese (Simplified) English to Chinese (Traditional) English to Croatian English to Czech English to Danish English to Dutch English to Estonian English to Filipino English to Finnish English to French English to Galician English to German English to Greek English to Hebrew English to Hindi English to Hungarian English to Icelandic English to Indonesian English to Irish English to Italian English to Japanese English to Korean English to Latvian English to Lithuanian English to Macedonian English to Malay English to Maltese English to Norwegian English to Persian English to Polish English to Portuguese English to Romanian English to Russian English to Serbian English to Slovak English to Slovenian English to Spanish English to Swahili English to Swedish English to Thai English to Turkish English to Ukrainian English to Vietnamese English to Welsh English to Yiddish

(Altavista babelfish) Select a languageEnglish to Chinese-simpEnglish to Chinese-tradEnglish to DutchEnglish to PortugueseEnglish to FrenchEnglish to GermanEnglish to GreekEnglish to ItalianEnglish to JapaneseEnglish to KoreanEnglish to RussianEnglish to Spanish

Send Good News to Global Good News.

Your comments.