Colombia Industry

Colombia

Colombia: Industrial production rebounds in June

August 14, 2015

In June, industrial production increased 1.5% over the same month of the previous year, which contrasted the 3.9% drop recorded in May and largely overshot market expectations of a 1.0% decline. The print was the highest in six months and reflected increases in about two-thirds of the index’s sub-categories. The result was mainly driven by a rise in the production of drinks, which more than offset a sharp fall in the manufacturing of petroleum products.

LatinFocus Consensus Forecast participants expect that industrial production will expand 2.2% in 2015, which is down 0.6 percentage points from last month’s forecast. For 2016, the panel expects industrial production to increase 3.1%.


Author:, Economist

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Colombia Industry June 2015

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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