Colombia Industry

Colombia

Colombia: Industrial production contracts in November

January 16, 2015

In November, industrial production (excluding coffee threshing) shrank 0.9% over the same month of the previous year, which came in below the flat reading tallied in October. The print reflected decreases in 24 of the index’s 43 sub-categories. Contractions in the garment, sugar, oil refining and beverages industries were mainly behind the overall decline.

Annual average growth in industrial production in November remained at October’s 1.3%.

LatinFocus Consensus Forecast participants expect that industrial production will expand 2.8% in 2015, which is down 0.3 percentage points from last month’s forecast. For 2016, the panel expects industrial production to increase 3.3%.


Author:, Economist

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Colombia Industry November 2014

Note: Year-on-year changes of industrial production and annual average growth rate in %.
Source: Colombia National Statistical Institute (DANE) and FocusEconomics calculations.


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