Colombia Industry


Colombia: Pace of industrial production contraction steepens in April

June 16, 2015

In April, industrial production contracted 3.6% over the same month of the previous year, which was a steeper contraction than the 0.1% drop recorded in March and largely undershot market expectations of a softer 0.3% decline. The print was the lowest in three months and reflected decreases in two-thirds of the index’s sub-categories. The contraction was very largely driven by a fall in petroleum-related industries.

LatinFocus Consensus Forecast participants expect that industrial production will expand 2.2% in 2015, which is down 0.6 percentage points from last month’s forecast. For 2016, the panel expects industrial production to increase 3.1%.

Author:, Economist

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Colombia Industry Chart

Colombia Industry April 2015

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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