Colombia Industrial production September 2021

Colombia

Colombia: Industrial output growth softens in September

November 11, 2021

Industrial output expanded 15.5% in annual terms in September, moderating from August’s 22.9% and marking the softest pace of growth in four months. Looking at the details of the press release, 37 of the 39 total subsectors logged expanding output, matching August’s result. September’s slowdown was largely attributed to beverage production and clothing manufacturing output growing at more moderate paces.

However, the trend pointed up, with annual average variation of industrial production growth rising to 12.2% in September from 10.5% in August.

FocusEconomics Consensus Forecast panelists expect industrial output to expand 4.7% in 2022, which is up 1 percentage points from last month’s forecast. For 2023, panelists see industrial output growing 3.0%.


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Colombia Industrial production Chart


Colombia Industry September 2021

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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