Colombia: Industrial production drops in June
August 15, 2014
In June, industrial production (excluding coffee threshing) fell 0.6% over the same month last year, which contrasted the 2.0% expansion tallied in May. In addition, the expansion came in below the 3.2% rise that market analysts had expected. The reading reflects decreases in 21 of the index’s 44 sub-categories. Oil refining and the production of chemical substances made the greatest contributions to the contraction.
Annual average variation in industrial production rose from 0.3% in May to 0.7% in June.