Colombia: Industrial output slows to five-month low in October
Industrial production grew 10.1% year-on-year in October (September: +15.5% yoy). The figure marked the weakest reading since May. Looking at the details of the release, 33 out of the 39 total subsectors recorded expansions in October, down from the 37 total that logged in growth in September. October’s slowdown was largely attributed to both beverage production and clothing manufacturing output increasing at more moderate paces.
However, the trend improved notably, with the annual average growth of industrial production coming in at plus 13.4%, up from September’s 12.2% reading.