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Colombia Industry May 2019

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.

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