Colombia: Industrial production growth accelerates in January
Industrial production from the manufacturing sector increased 3.7% in an annual basis in the first month of 2020, following the revised 3.5% rise in December (previously reported: +3.2% year-on-year) and marking the highest reading since July 2019, according to the Statistical Institute (DANE).
A breakdown by industrial activity reveals that expansions in the manufacture of beverages; coke, refined petroleum products and chemical products; and processed and preserved meat drove January’s upturn.
Annual average growth in industrial production ticked up to 1.6% in January from 1.5% in December.