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Colombia Industrial production March 2022

Colombia: Manufacturing production growth speeds up in March

Manufacturing output rose 12.3% year-on-year in March (February: +10.6% yoy). Looking at the details of the release, 32 out of the 39 total subsectors recorded growth in March, matching February’s result. March’s acceleration was largely driven by clothing manufacturing output and beverage production expanding at brisker paces.

Still, annual average manufacturing output growth fell to 17.4% in March (February: +18.1%). This signals a worsening trend in the manufacturing sector.

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