Colombia: Industrial production records stellar expansion in April
June 15, 2018
According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 15 June, industrial output expanded 10.5% over the same month of the previous year in April, contrasting a revised 1.2% year-on-year contraction in March (previously reported: -1.4% year-on-year).
Looking at a breakdown of the data, 34 out of the 39 industrial activities recorded an upturn, while the remaining five categories registered a decline. Double-digit expansions in the production of beverages; manufacture of pharmaceutical products; medicinal chemicals; manufacture of plastic products; processing and preservation of meat, fish, crustaceans and molluscs; and products of sugar and panela underpinned the rise. Meanwhile, contractions in the production of dairy products, and manufacture of machinery and equipment reduced the extent of the rise.
Annual average growth in industrial production edged up to 2.9% in April from 1.5% in March.
Author: Nihad Ahmed, Economist