Colombia Industry

Colombia

Colombia: Industrial production rebounds in October

December 19, 2012

In October, industrial production (excluding coffee threshing) rose 1.2% over the same month the year before. The print contrasted the revised 1.5% drop observed in September (previously reported: -1.3% year-on-year) and overshot market expectations of a flat reading. The monthly figure reflected increases in 24 out of the 48 sub-sectors composing the index, with production of beverages and automobiles recording the largest gains.

Despite the October rise, the trend continues to point downwards, with annual average variation in industrial production falling from 1.5% in September to 1.3%.


Author: Ricard Torné, Head of Economic Research

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Colombia Industry October 2012

Note: Year-on-year changes of industrial production and annual average growth rate in %.
Source: Colombia National Statistical Institute (DANE) and FocusEconomics calculations.


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