Industry in Colombia

Colombia Industry | Economic News & Forecasts

Colombia - Industry

Industrial sector swings back to contraction in June

Industrial production fell 1.1% over the same month of the last year in June, according to data released by the country’s National Administrative Department of Statistics (DANE) on 14 August. June’s drop contrasts a 3.2% year-on-year upturn in May.

A breakdown by industrial activity revealed that sharp contractions in the manufacture of other food products, other manufacturing industries, and sugar production were behind the downturn. These more than offset expansion in the production of beverages, and processing of milling products, starches and their derivatives.

Annual average growth in industrial production slid to 3.0% in June from 3.4% in May.

Panelists surveyed for this month’s LatinFocus report expect industrial production to expand 2.9% in 2019, which is unchanged from last month’s forecast. For 2020, the panel expects industrial production to also grow 3.0%.

Colombia - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)-1.3  1.5  2.0  4.1  -0.5  

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Colombia Industry Chart

Colombia Industry
Note: Annual variation of industrial output in %.
Source: Statistical Institute (DANE).

Colombia Facts

Bond Yield5.860.0 %Sep 04
Exchange Rate3,396-0.17 %Sep 04
Stock Market12,686-0.66 %Sep 04

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