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Colombia Industrial production August 2020

Colombia: Industrial activity drops at a faster pace in August

Industrial production slid 10.3% in year-on-year terms in August, declining more sharply than July’s 8.5% drop. The contraction was broad-based, with 35 of 39 subsectors reporting falling output. The most significant drops were recorded in the manufacturing of automotive parts, travel accessories and leather products.

Meanwhile, the trend continued to deteriorate, with the annual average variation of industrial production coming in at minus 7.3% in August, down from July’s minus 6.3%.

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