Industry in Colombia

Colombia Industry | Economic News & Forecasts

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

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)-1.8  1.3  1.8  3.5  -0.6  

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Colombia Industry Chart

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

Colombia Facts

Bond Yield5.960.0 %Jun 20
Exchange Rate3,191-0.17 %Jun 20
Stock Market12,628-0.66 %Jun 20

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