Industry in Colombia

Colombia Industry | Economic News & Forecasts

Colombia - Industry

Industrial productions contracts for the first time in nine months in December

According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 14 February, the industrial sector contracted for the first time in nine months in December. Industrial output fell 0.8% over the same month of the previous year in December, contrasting a 4.7% year-on-year expansion in November.

Looking at a breakdown of the industrial activities, December’s contraction was underpinned by notable declines in the production of coking, oil refining and fuel blending; cloth making; and the manufacture of soaps and detergents, perfumes and headgear preparations.

Annual average growth in industrial production remained at 2.9% in December.

Panelists surveyed for this month’s LatinFocus report expect industrial production to expand 3.1% in 2019, which is down 0.1 percentage points from last month’s forecast. For 2020, the panel expects industrial production growth to accelerate slightly to 3.2%.

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 Yield6.650.0 %Feb 20
Exchange Rate3,111-0.17 %Feb 20
Stock Market12,008-0.66 %Feb 20

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