Industry in Colombia
Colombia - Industry
Industrial production rises to over one-year high
Industrial production from the manufacturing sector rose 4.6% in February on an annual basis, following the 3.7% expansion logged in January and marking the highest reading since November 2018, according to the Statistical Institute (DANE).
A breakdown by industrial activity reveals that expansions in the manufacture of beverages; processed and preserved meat; and chemical products largely drove February’s upturn.
Annual average growth in industrial production edged up to 1.7% in February from 1.6% in the prior month.
Panelists surveyed for this month’s LatinFocus are still assessing recent developments and a new Consensus Forecast will be available from 21 April.
Colombia - Industry Data
|Industrial Production (annual variation in %)||2.0||4.1||-0.5||3.8||1.5|
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|
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Colombia: Consumer confidence hits highest reading since January 2020 in October; remains in negative territory
November 8, 2021
The Fedesarrollo consumer confidence came in at minus 1.3 in October, improving from September's minus 3.0.
November 5, 2021
Consumer prices rose 0.02% in October over the previous month, cooling from September 0.38% increase and logging the lowest print in four months.
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Merchandise exports expanded 40.4% year-on-year in September, accelerating markedly from August’s 28.4% growth.
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The seasonally-adjusted Manufacturing Purchasing Managers' Index (PMI)—produced by IHS Markit and Davividenda—fell to 54.0 in October from 55.5 in September, which had marked the second-highest reading on record.
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At its 29 October meeting, the Board of Directors of Colombia’s Central Bank (BanRep) decided to raise the benchmark interest rate by 50 basis points to 2.50% from 2.00%.