Colombia Industry January 2019

Colombia

Colombia: Industrial sector accelerates sharply in January

March 14, 2019

According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 14 March, the industrial sector accelerated markedly at the year’s outset. Industrial production grew 3.0% over the same month of the previous year in January, following a 0.4% year-on-year expansion in December.

A breakdown of the industrial activities showed that January’s print was underpinned by strong expansions in the production of beverages; the manufacture of paper, cardboard, and their products; and the manufacture of plastic products.

Annual average growth in industrial production edged up to 4.0% in January, from 3.8% in December.

Panelists surveyed for this month’s LatinFocus report expect industrial production to expand 3.0% in 2019, which is unchanged from last month’s forecast. For 2020, the panel expects industrial production to also grow 3.0%.


Author:, Economist

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Colombia Industry January 2019

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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