In September, industrial production (excluding coffee threshing) rose 5.2% over the same month last year, which was below the revised 9.7% jump observed in August (previously reported: +9.5% year-on-year). The September outturn was mainly driven by strong growth in both the other manufactured transportation equipment and manufacturing at sugar refineries and mills categories. According to the press release, 30 of the 48 components recorded gains in production A month-on-month analysis corroborates the deceleration seen in the annual figures, as industrial production contracted 0.2% over the previous month (August: +7.0% month-on-month). Despite the subdued monthly reading, the trend pointed upwards, with annual average growth in industrial production rising from 4.5% in August to 4.7% in September. The Central Bank expects GDP to grow between 5.0% and 6.0% this year. In 2012, the monetary authority sees GDP expanding between 4.0% and 6.0%.
Industrial production decelerates in September
November 21, 2011
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Colombia Economic News
October 7, 2016
In what was a narrow and shocking result, Colombians rejected the peace agreement between the government and the FARC at the 2 October referendum.
September 30, 2016
The seven-member board of the Central Bank (BanRep) unanimously decided to keep the reference interest rate unchanged at 7.75% at its 30 September monetary policy meeting.
September 30, 2016
In August, exports grew 7.0% over the same month last year, which sharply contrasted the 27.3% plunge recorded in July.
September 16, 2016
Industrial production unexpectedly shrank 6.2% annually in July, which contrasted the 6.7% increase seen in June.
September 5, 2016
The Colombian economy continues to adjust to low oil prices two years after they first started to collapse.