Colombia Industry


Industrial production contracts for second consecutive month

In September, industrial production (excluding coffee threshing) contracted 1.3% over the same month last year. The decline exceeded the revised 2.1% drop observed in August (previously reported: -1.9% year-on-year) and contrasted market expectations of a 0.8% rise. The monthly figure reflected contractions in 30 out of the 48 sub-sectors composing the index, with production of non-metallic minerals, oils as well as of paper products recording the largest losses. As a result of the September contraction, the trend continues to point downwards, with annual average variation in industrial production falling from 2.2% in August to 1.7%.


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Colombia Industry Chart

Colombia Industry September 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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