Colombia: Pace of industrial production slows in October
December 21, 2015
In October, industrial production rose 1.3% over the same month of the previous year, which was a deceleration compared to the revised 2.1% increase (previously reported: 2.0% year-on-year) recorded in September and marked a three-month low. The reading undershot market expectations of a 1.5% rise.Panelists surveyed for this month’s LatinFocus report expect that industrial production will expand 4.2% in 2016, which is up 0.4 percentage points from last month’s forecast. For 2017, the panel expects industrial production to increase 3.7%.
Author: Eric Denis , Economist