Colombia: Industrial production picks up in March
May 12, 2017
In March, industrial production swung to a 4.8% expansion annually (February: -3.2% year-on-year), after two months of contraction. Colombia’s National Statistical Institute (DANA) reported a broad-based improvement as 27 out of the 39 components of the industrial production index gained ground compared to the previous month. Increases in the production of petroleum and non-metallic minerals drove March’s expansion.
As a result of March’s upsurge, annual average growth in industrial production increased from 2.5% in February to 2.8% in March.
Author: Jan Lammersen, Economist