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%.