Industry in Colombia
Colombia - Industry
Industrial production swings to contraction in April
The industrial sector swung to contraction in April, with output declining 1.3% over the same month of last year, according to data released by the country’s National Administrative Department of Statistics (DANE) on 14 June. This contrasts a 3.2% year-on-year upturn in March.
A breakdown of industrial activities shows that a drop in the production of sugar and panela, which fell more than 35%, led the decline, followed by the manufacture of basic chemical substances and their products, and output of non-metallic mineral products. The downturn was cushioned somewhat by expansions in the preparation of beverages; processing and preservation of meat, fish, crustaceans and molluscs; and manufacture of other chemicals.
Annual average growth in industrial production fell to 3.6% in April from 4.5% in March.
Panelists surveyed for this month’s LatinFocus report expect industrial production to expand 3.0% in 2019, which is up 0.1 percentage points from last month’s forecast. For 2020, the panel expects industrial production to also grow 3.0%.
Colombia - Industry Data
|Industrial Production (annual variation in %)||-1.8||1.3||1.8||3.5||-0.6|
5 years of economic forecasts for more than 30 economic indicators.
Colombia Industry Chart
Source: Statistical Institute (DANE).
|Bond Yield||5.96||0.0 %||Jun 20|
|Exchange Rate||3,191||-0.17 %||Jun 20|
|Stock Market||12,628||-0.66 %||Jun 20|
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June 19, 2019
Consumer became less downbeat in May, with the Fedesarrollo consumer confidence index rising to minus 5.0 points from minus 9.6 points in April.
June 14, 2019
The industrial sector swung to contraction in April, with output declining 1.3% over the same month of last year, according to data released by the country’s National Administrative Department of Statistics (DANE) on 14 June.
June 5, 2019
Consumer prices rose 0.31% over the previous month in May, following a 0.50% month-on-month increase in April.
June 4, 2019
Business conditions in Colombia’s manufacturing sector improved again in May but at a softer rate compared to April.
June 4, 2019
Exports rose 2.2% over the same month of the previous year in April, contrasting a 0.8% year-on-year drop in March.