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Colombia Industry January 2020

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.

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