Colombia: Industrial output growth gains steam in August
Industrial output growth accelerated to a four-month high of 22.9% year-on-year in August (July: +20.0% yoy). Looking at the details of the release, output grew in 37 of the 39 total subsectors, matching July’s result. That said, August’s higher growth was due to both beverage production and clothing manufacturing expanding at markedly higher rates in August than in July.
Meanwhile, the trend improved markedly, with annual average variation of industrial production growth rising to 10.5% in August (July: +7.5%).