Colombia: Industrial sector picks up in May
Industrial production rose 3.2% over the same month of last year in May, rebounding from a 1.5% year-on-year drop in April, according to data released by the country’s National Administrative Department of Statistics (DANE) on 15 July.
A breakdown by industrial activity revealed that the upturn was due to a surge in the manufacture of other chemicals, along with solid growth in the output of non-metallic mineral products and preparation of beverages. This more than countered contractions in the manufacture of basic chemical substances and their products, and also a decline in the production of coking, oil refining, and fuel blending.
Annual average growth in industrial production remained at 3.4% in May.