In October, industrial production (excluding coffee threshing) grew 5.0% over the same month last year, which was a notch below the revised 5.1% rise observed in September (previously reported: +5.2% year-on-year). The October outturn was mainly driven by strong growth in both the other manufactured transportation equipment and the production of fruits, vegetables and fats categories. According to the press release, 31 of the 48 components recorded gains in production A month-on-month analysis, however, does not corroborate the marginal deceleration seen in the annual figures, as industrial production expanded 0.3% over the previous month, which contrasted the 0.3% contraction recorded in September. As a result of the improved monthly reading, the trend continued to point upwards, with annual average growth in industrial production rising from 4.7% in September to 4.9% in October.
Industrial production remains steady in October
December 16, 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
In August, exports grew 7.0% over the same month last year, which sharply contrasted the 27.3% plunge recorded in July.
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 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.