Colombia Industry

Colombia

Colombia: Industrial production rebounds softly in July

September 15, 2014

In July, industrial production (excluding coffee threshing) rose 1.6% over the same month last year, which contrasted the 0.5% drop tallied in June. Nevertheless, the expansion came in below the 2.2% rise that market analysts had expected. The reading reflects increases in 28 of the index’s 44 sub-categories. The automotive industry, sugar milling and the clothing industry made the greatest contributions to the expansion.

Annual average variation in industrial production inched up from 0.7% in June to 0.8% in July.

LatinFocus Consensus Forecast participants expect that industrial production will expand 3.1% in 2014, which is up 0.1 percentage points from last month’s forecast. For 2015, the panel expects industrial production to increase 3.7%.


Author: Teresa Kersting, Economist

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Colombia Industry Chart


Colombia Industry July 2014

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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