Colombia Industry


Industrial production declines in August

In August, industrial production (excluding coffee threshing) contracted 1.9% over the same month last year. The figure contrasted both the revised 2.7% expansion observed in July (previously reported: +1.5% year-on-year) as well as market expectations of a 2.6% rise. The monthly figure reflected contractions in 26 out of the 48 sub-sectors composing the index, with production of chemical products, electrical machinery as well as oil refining activities recording the largest losses. As a result of the August contraction, the trend continues to point downwards, with annual average variation in industrial production falling from 3.0% in July to 2.0%.


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Colombia Industry Chart

Colombia Industry August 2012

Note: Year-on-year changes of industrial production and annual average growth rate in %.
Source: Colombia National Statistical Institute (DANE) and FocusEconomics calculations.

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