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Colombia Industry August 2018

Colombia: Industrial production growth picks up in August

According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 17 October, industrial production picked up slightly, growing 3.9% over the same month of the previous year in August. This follows a 3.5% year-on-year expansion in July.

A breakdown of the data showed that 25 out of the 39 industrial activities recorded an increase in production, while the remaining 14 categories saw reduced output. A strong rise in coking, oil refining and fuel blending drove the upturn in August, along with a double-digit rise in manufacture of basic chemical substances, and manufacture of metal products. Growth in these components were partially offset by a decline in clothes making; production of soaps and detergents, perfumes and toilet preparations; and basic iron and steel industries.

Annual average growth in industrial production rose to 1.6% in August from 1.1% in July.

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