Colombia Industrial production June 2022

Colombia

Colombia: Manufacturing activity growth deteriorates in June

August 12, 2022

Manufacturing output grew 12.3% in year-on-year terms in June, which followed May's 46.1% increase. The reading was partly driven by a slowdown in production of beverages, which expanded at the slowest pace since October 2021. In addition, manufacturing of refined petroleum products lost steam.

Meanwhile, the trend pointed down, with the annual average growth of manufacturing production coming in at 16.5% in June, down from May's 17.1%.

LatinFocus Consensus Forecast see manufacturing output growing 5.9% in 2023, which is up 0.4 percentage points from last month’s estimate, and 2.3% in 2023.


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Colombia Manufacturing June 2022

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


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