Colombia Industrial production July 2020

Colombia

Colombia: Industrial output drops at a softer pace in July

September 14, 2020

Industrial production fell 8.5% in year-on-year terms in July, a softer decline than June’s 9.8% drop. The contraction remained broad-based, with 32 of 39 subsectors reporting falling output.

Meanwhile, the trend continued to deteriorate, with the annual average variation of industrial production coming in at minus 6.3%, down from June’s minus 5.3%.

FocusEconomics Consensus Forecast panelists expect industrial output to contract 9.1% in 2020, which is down 0.5 percentage points from last month’s forecast. For 2021, panelists see industrial output growing 6.4%.


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Colombia Industry July 20 20

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


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