Colombia: Manufacturing production grows at fastest pace since April 2021 in May
Manufacturing output grew 46.2% in year-on-year terms in May, which was above April’s 13.7% increase. May’s result marked the best result since April 2021. May’s upturn came on the back of upturns in production of beverages and refined petroleum products.
Meanwhile, annual average manufacturing output growth rose to 17.2% in May (April: +14.6%), signaling an improving trend in the manufacturing sector.