Colombia Industrial production February 2021


Colombia: Industrial output rebounds in February

April 15, 2021

Industrial output bounced back in February, growing 0.6% year-on-year, contrasting January´s 1.6% drop. February’s result reflected expanding output in 19 of 39 subsectors, as opposed to 18 subsectors with growing production in January. Looking at the details of the press release, February’s upturn was chiefly driven by a quicker growth of manufacturing of basic chemical substances, as well as of electrical appliances and equipment.

Meanwhile, the trend edged down, with the annual average variation of industrial production coming in at minus 8.6% in February, following January’s minus 8.3% reading.

FocusEconomics Consensus Forecast panelists expect industrial output to expand 7.0% in 2021, which is up 0.8 percentage points from last month’s forecast. For 2022, panelists see industrial output growing 3.5%.


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Colombia Industrial production Chart

Colombia Industry February 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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