Colombia Industry November 2016


Colombia: Industrial production picks up in November

January 18, 2017

In November, industrial production rose 1.6% annually, up from October’s anemic 0.4% increase. According to DANE, November’s reading reflected increases in 21 out of the 39 components of the industrial production index. The coking and oil refining category largely drove November’s acceleration.

Despite November’s faster expansion, annual average growth in industrial production fell from 4.0% in October to 3.6%.

Panelists surveyed for this month’s LatinFocus report expect industrial production to expand 5.4% in 2017, which is up 0.1 percentage points from last month’s forecast. For 2018, the panel expects industrial production to increase 3.0%.

Author:, Economist

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Colombia Industry Chart

Colombia Industry November 2016

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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