Colombia Industry

Colombia

Colombia: Industrial production rebounds in August

October 22, 2010

In August, industrial production grew 4.4% over the same month last year, which came in well above the 0.2% increase observed in July. Furthermore, the August reading marked the tenth consecutive month of positive growth in industrial production. The monthly acceleration was mainly driven by strong growth in iron and steel production as well as in chemical products output. Moreover, vehicles production expanded 42.0% in annual terms, as the automotive sector continues to benefit from a strong base effect. Last year, the sector had been adversely affected by Venezuela's decision to lower its import quota for Colombian vehicles as a consequence of the diplomatic spat between the two countries last year. As a result of the strong monthly reading, annual average growth in industrial production continued to improve, rising from 2.0% in July to 2.7% in August.


Author:, Senior Economist

Sample Report

Looking for forecasts related to Industry in Colombia? Download a sample report now.

Download




Colombia Economic News

  • Colombia: Inflation remains steady in June

    July 5, 2018

    According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.15% over the previous month in June, a smaller rise than the 0.25% month-on-month increase in May.

    Read more

  • Colombia: PMI shoots up to two-and-a-half year high in June

    July 3, 2018

    The seasonally-adjusted Davivienda manufacturing Purchasing Managers Index (PMI) climbed to 53.0 in June, up from 51.1 in May, which marks the highest result since January 2016.

    Read more

  • Colombia: Central Bank keeps interest rate on hold in June

    June 29, 2018

    At its 29 June Board of Directors meeting, Colombia’s Central Bank (Banco de la República, BanRep) unanimously voted to maintain the benchmark interest rate at 4.25%, following a rate cut by 25 basis points at its last meeting held in April.

    Read more

  • Colombia:

    June 19, 2018

    The Fedesarollo consumer confidence index shot up to 8.9 points in May from 1.5 points in April, moving further above the zero-point threshold separating optimism from pessimism among consumers.

    Read more

  • Colombia: Industrial production records stellar expansion in April

    June 15, 2018

    According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 15 June, industrial output expanded 10.5% over the same month of the previous year in April, contrasting a revised 1.2% year-on-year contraction in March (previously reported: -1.4% year-on-year). Looking at a breakdown of the data, 34 out of the 39 industrial activities recorded an upturn, while the remaining five categories registered a decline.

    Read more

More news

Search form