Colombia: Industrial production growth slows in March
May 16, 2016
In March, industrial production rose 1.4% over the same month last year, which marked a drastic deceleration compared to the 8.3% increase recorded in February and was an eight-month low. The print reflected increases in 10 of the index’s 39 sub-categories.
Despite the yearly deceleration, the trend inched upwards. Average annual growth in industrial production reached 2.3% in March, which followed the 2.2% expansion observed in February and marked the highest average growth rate since July 2012.
Author: Robert Hill, Economist