Colombia Industry May 2016

Colombia

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.

Panelists surveyed for this month’s LatinFocus report expect that industrial production will expand 6.0% in 2016, which is up 0.2 percentage points from last month’s forecast. For 2017, the panel expects industrial production to increase 4.0%.


Author:, Economist

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Colombia Industry May 2016

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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