Colombia: Industrial production expands at slower pace in May
July 15, 2016
Industrial production rose an annual 4.5% in May, down from April’s remarkable 8.2% increase, which had marked the highest figure since March 2014. May’s reading reflected increases in 22 out of the 39 components of the index. A strong expansion in the petroleum and combustibles component was largely behind May’s overall gain.
The 12-month trend continued on an upward trend as average annual growth in industrial production reached 3.9% in May, which followed the 3.3% expansion observed in April and marked the highest average growth rate since February 2012.
Author: Robert Hill, Economist