Colombia: Industrial production contracts at largest pace in eight months
June 17, 2014
In April, industrial production (excluding coffee threshing) dropped 2.2% over the same month last year, which contrasted the 9.2% expansion recorded in March. The drop overshot the 1.6% contraction that market analysts had expected and marked the lowest growth rate since August 2013. The monthly figure reflects decreases in 26 of the index’s 44 sub-categories, with chemical products and petroleum refining contributing the most to the contraction.
Annual average variation in industrial production swung from plus 0.8% in March to minus 0.1% in April.