Industry in Colombia
Colombia - Industry
Industrial production growth weakens in September
According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 14 November, the industrial sector grew at a weaker pace of 2.9% over the same month of the previous year in September, after expanding a revised 4.2% year-on-year in August (previously reported: +3.9% year-on-year).
Looking at a breakdown of the data showed that September’s weaker pace of expansion was due to a marked drop in the output of coking, oil refining and fuel blending, along with more modest downturns in the manufacture of basic chemical substances and their products, and manufacture of metal products.
Annual average growth in industrial production climbed to 2.0% in September, up from 1.5% in August.
Colombia Industrial Production Forecast
Panelists surveyed for this month’s LatinFocus report expect industrial production to expand 2.7% in 2019, which is up 0.1 percentage points from last month’s forecast. For 2020, the panel expects industrial production growth to accelerate to 3.3%.
Colombia - Industry Data
|Industrial Production (annual variation in %)||-1.8||1.3||1.8||3.5||-0.6|
5 years of economic forecasts for more than 30 economic indicators.
Colombia Industry Chart
Source: Statistical Institute (DANE).
|Bond Yield||6.86||0.0 %||Dec 14|
|Exchange Rate||3,195||-0.17 %||Dec 14|
|Stock Market||11,555||-0.66 %||Dec 14|
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December 5, 2018
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