Industry in Colombia

Colombia Industry | Economic News & Forecasts

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  

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Colombia Industry Chart


Colombia Industry
Note: Annual variation of industrial output in %.
Source: Statistical Institute (DANE).

Colombia Facts

Value Change Date
Bond Yield6.080.0 %Dec 30
Exchange Rate3,287-0.17 %Jan 01

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