Industry in Colombia
Colombia - Industry
Industrial production growth weakens in September
According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 14 November, the industrial sector grew at a weaker pace of 2.9% over the same month of the previous year in September, after expanding a revised 4.2% year-on-year in August (previously reported: +3.9% year-on-year).
Looking at a breakdown of the data showed that September’s weaker pace of expansion was due to a marked drop in the output of coking, oil refining and fuel blending, along with more modest downturns in the manufacture of basic chemical substances and their products, and manufacture of metal products.
Annual average growth in industrial production climbed to 2.0% in September, up from 1.5% in August.
Colombia Industrial Production Forecast
Panelists surveyed for this month’s LatinFocus report expect industrial production to expand 2.7% in 2019, which is up 0.1 percentage points from last month’s forecast. For 2020, the panel expects industrial production growth to accelerate to 3.3%.
Colombia - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | -1.8 | 1.3 | 1.8 | 3.5 | -0.6 |
Colombia Industry Chart
Source: Statistical Institute (DANE).
Colombia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 6.86 | 0.0 % | Dec 14 |
| Exchange Rate | 3,195 | -0.17 % | Dec 14 |
| Stock Market | 11,555 | -0.66 % | Dec 14 |
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Economic News
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December 5, 2018
According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.12% over the previous month in November, matching October’s reading.
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According to the latest GDP data released by the National Statistical Institute (DANE) on 22 November, the economy grew at broadly the same pace in the third quarter as it did in the second, dipping just marginally.
Colombia: Consumer sentiment falls deeper into pessimistic territory in October
November 16, 2018
The Fedesarrollo consumer confidence index sunk deeper into negative territory in October, dropping to minus 1.3 points from minus 0.7 points in September.
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