Industry in Colombia
Colombia - Industry
Industrial sector swings back to contraction in June
Industrial production fell 1.1% over the same month of the last year in June, according to data released by the country’s National Administrative Department of Statistics (DANE) on 14 August. June’s drop contrasts a 3.2% year-on-year upturn in May.
A breakdown by industrial activity revealed that sharp contractions in the manufacture of other food products, other manufacturing industries, and sugar production were behind the downturn. These more than offset expansion in the production of beverages, and processing of milling products, starches and their derivatives.
Annual average growth in industrial production slid to 3.0% in June from 3.4% in May.
Panelists surveyed for this month’s LatinFocus report expect industrial production to expand 2.9% in 2019, which is unchanged 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 %)||-1.3||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||5.86||0.0 %||Sep 04|
|Exchange Rate||3,396||-0.17 %||Sep 04|
|Stock Market||12,686||-0.66 %||Sep 04|
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September 5, 2019
Consumer prices rose 0.09% over the previous month in August, following a 0.22% month-on-month upturn in July.
September 3, 2019
Exports sank 9.9% over the same month of the previous year in July, following the 8.7% year-on-year decline in June.
September 2, 2019
Business conditions in Colombia’s manufacturing sector continued to improve in August, albeit to a lesser degree than in July.
August 22, 2019
Economic growth edged down to 3.0% year-on-year in the second quarter, from an upwardly revised 3.1% in the first quarter (previously reported: +2.8% year-on-year) .
August 20, 2019
Consumer sentiment improved in July, albeit remained in pessimistic territory.