Colombia Industrial production September 2022

Colombia

Colombia: Manufacturing activity growth eases in September

November 11, 2022

Manufacturing production grew 6.9% year on year in September (August: +9.1% yoy).The deceleration was largely due to a dip in steel and iron production.

Meanwhile, annual average manufacturing production growth fell to 13.3% in September (August: +14.1%), signaling a worsening trend in the manufacturing sector.

LatinFocus Consensus Forecast see manufacturing output growing 0.4% in 2023, which is up down 1.6 percentage points from last month’s estimate, and 2.4% in 2024.


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Colombia Manufacturing September 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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