Colombia Industry December 2019

Colombia

Colombia: Industrial production growth rebounds in December

February 13, 2020

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.

Panelists surveyed for this month’s LatinFocus report expect industrial production to expand 2.8% in 2020, which is from last month’s report. For 2021, the panel expects industrial production to grow 3.1%.


Author:, Economist

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Colombia Industry December 2019

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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