Colombia Industry November 2018

Colombia

Colombia: Industrial production growth moderates in November

January 18, 2019

According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 18 January, the industrial sector lost some pace, with the year-on-year pace of expansion moderating to 4.7% in November, down from 5.4% in October.

A breakdown of the industrial activities showed that November’s expansion was driven by a double-digit upturn in the categories of coking, oil refining and fuel blending, and clothing making, along with a strong rise in the preparation of beverages. Expansions in these sub-components more than offset marked contractions in the preparation of sugar and panela, and manufacture of basic chemical substances and their products.

Annual average growth in industrial production climbed to 2.9% in November, from 2.5% in October.

Panelists surveyed for this month’s LatinFocus report expect industrial production to expand 3.0% in 2019, which is up 0.1 percentage points from last month’s forecast. For 2020, the panel expects industrial production growth to accelerate to 3.1%.


Author:, Economist

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Colombia Industry November 2018

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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