Encouragement for tanners in Uruguay
13/07/2011
However, the national statistics institute (INE) has said that the tanning industry was an important contributor to an increase of 9.1% in total manufacturing output in May compared to the same month last year, and to a rise of 2.1% in Uruguay’s industrial productivity. Over the first five months of the year, the country’s manufacturing output was 6% higher than for the same period in 2010.
Analysts have said the figures for May came as a surprise, but that favourable conditions in overseas markets for a series of key industries–rice, dairy products and tanning–made the difference.
One analyst, Florencia Carriquiry of Deloitte, has told local media that the leather production industry recovered during May from less positive results in previous months. She said that slaughter numbers are still low and that activity among Uruguay’s packer firms is still contracting, but that demand for finished leather outside the domestic market was offsetting the effects of this.
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