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
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | -1.3 | 1.5 | 2.0 | 4.1 | -0.5 |
Colombia Industry Chart
Source: Statistical Institute (DANE).
Colombia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 6.08 | 0.0 % | Dec 30 |
| Exchange Rate | 3,287 | -0.17 % | Jan 01 |
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Economic News
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Colombia: Industrial production contracts in November
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).
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Colombia: Consumers turn less pessimistic in December
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.
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Colombia: Inflation inches down in December
January 4, 2020
Consumer prices rose 0.26% over the previous month in December, accelerating from November’s 0.10% increase.
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Colombia: Exports tumble at sharpest pace in nearly a year in November
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.
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Colombia: Manufacturing PMI ticks down in December
January 2, 2020
Business conditions in Colombia’s manufacturing sector continued to improve in December, albeit to a lesser extent than in November.
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