Industry in Colombia
Colombia - Industry
Industrial production contracts in November
Industrial production fell 1.5% on an annual basis in November, contrasting October’s 2.2% expansion (previously reported: +2.1% year-on-year) and marking the lowest reading since March 2018 according to the Statistical Institute (DANE). A breakdown by industrial activity revealed that contractions in other manufacturing industries; in the manufacture of basic iron and steel; in the production of pharmaceuticals and medicinal chemical products; and in the manufacture of motor vehicles largely drove November’s downturn.
Annual average growth in industrial production fell to 1.2% from 1.9% in November.
Panelists surveyed for this month’s LatinFocus report expect industrial production to expand 2.9% in 2020, which is unchanged from last month’s forecast. For 2021, the panel expects industrial production to grow 3.1%.
Colombia - Industry Data
|Industrial Production (annual variation in %)||-1.3||1.5||2.0||4.1||-0.5|
5 years of economic forecasts for more than 30 economic indicators.
Colombia Industry Chart
Source: Statistical Institute (DANE).
|Bond Yield||6.08||0.0 %||Dec 30|
|Exchange Rate||3,287||-0.17 %||Jan 01|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
January 17, 2020
Industrial production fell 1.5% on an annual basis in November, contrasting October’s 2.2% expansion (previously reported: +2.1% year-on-year) and marking the lowest reading since March 2018 according to the Statistical Institute (DANE).
January 16, 2020
Consumers turned less pessimistic in December, with the Fedesarrollo consumer confidence index rising to minus 9.5 from minus 14.4 in November and marking the best reading in five months.
January 4, 2020
Consumer prices rose 0.26% over the previous month in December, accelerating from November’s 0.10% increase.
January 3, 2020
Exports fell 13.6% over the same month of 2018 in November, following the 11.9% year-on-year drop in October and marking the sharpest fall in nearly a year.
January 2, 2020
Business conditions in Colombia’s manufacturing sector continued to improve in December, albeit to a lesser extent than in November.