Manufacturing in Venezuela

Venezuela Manufacturing | Economic News & Forecasts

Venezuela - Manufacturing

Manufacturing declines in April

Manufacturing production declined for the first time in six months, which suggests that economic growth slowed in the second quarter. In April, manufacturing contracted 4.8% over the same month last year, following on a revised 9.4% expansion in March (previously reported: +8.9% year-on-year). The April drop was mainly driven by strong losses in textiles as well as machinery equipment, which were partially offset by an expansion in electrical equipment. Meanwhile, the trend slowed, but still remaining in positive territory for the second month in a row, after contracting since January 2009. The annual average variation in manufacturing output declined from a 2.0% expansion in March to a 1.8% increase in April.

Venezuela - Manufacturing Data

2014   2015   2016   2017   2018  
Manufacturing (annual variation in %)-7.2  -5.4  -     -     -     

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Venezuela Facts

Value Change Date
Bond Yield5.500.0 %Aug 19
Exchange Rate248,8320.0 %Aug 17

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