Colombia: Industrial production growth rebounds in December
Industrial production from the manufacturing sector rose 3.2% on an annual basis in December, contrasting November’s revised 1.8% fall (previously reported: -1.5% year-on-year) and marking the highest reading since July according to the Statistical Institute (DANE).
A breakdown by industrial activity reveals that expansions in the manufacture of chemical products; the manufacture of soap and detergents, cleaning and polishing preparations, perfumes and toilet preparations; and the manufacture of food products largely drove December’s upturn.
Annual average growth in industrial production inched up to 1.5% in December from 1.2% in November.