Industry in Colombia
Colombia - Industry
Industrial production accelerates in July
According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 14 September, the industrial sector accelerated in July, with output growing 3.5% over the same month of the previous year. This followed a 1.3% year-on-year expansion in industrial production in June.
A breakdown of the data shows that 29 out of the 39 industrial activities saw an increase in output, while the remaining 10 categories recorded a decline. Fueling the rise was a double-digit expansion in the manufacture of basic chemicals and their products, along with more modest upturns in coking, oil refining, and fuel mixture, and the manufacture of other foodstuffs. Meanwhile, coffee threshing recorded the biggest downturn among all the sub-components.
Annual average growth in industrial production edged down to 1.0% in July from 1.2% in June.
Panelists surveyed for this month’s LatinFocus report expect industrial production to expand 2.5% in 2018, which is unchanged from last month’s forecast. For 2019, the panel expects industrial production to grow 2.7%, which is unchanged from last month.
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||7.05||0.0 %||Oct 22|
|Exchange Rate||3,086||-0.17 %||Oct 22|
|Stock Market||12,485||-0.66 %||Oct 22|
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October 5, 2018
According to the National Department of Administrative Statistics (DANE), the annual pace of expansion in exports moderated to 13.1% in August from 16.2% in July.
October 3, 2018
Colombia’s manufacturing sector lost ground again in September, with the seasonally-adjusted Davivienda manufacturing Purchasing Managers Index (PMI) falling to 52.8 from 53.3 in August.
September 28, 2018
At its 28 September Board of Directors meeting, Colombia’s Central Bank (Banco de la República, BanRep) unanimously decided to keep the benchmark interest rate at 4.25%, where it has been since April this year.
September 17, 2018
The Fedesarrollo consumer confidence index dropped to 4.7 points in August from 9.8 points in July, moving closer to the critical zero-point threshold separating optimism from pessimism among consumers.
September 14, 2018
According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 14 September, the industrial sector accelerated in July, with output growing 3.5% over the same month of the previous year.