Industry in Colombia

Colombia Industry | Economic News & Forecasts

Colombia - Industry

Industrial production accelerates in March

Colombia’s industrial sector gained traction in March, growing 3.2% over the same month of last year, according to data released by the country’s National Administrative Department of Statistics (DANE) on 15 April. This was up from a 2.8% year-on-year expansion in February.

Looking at a breakdown of industrial activities, manufacture of pharmaceutical products and medicinal chemicals was among the fastest growing, along with the production of soaps and detergents, perfumes and toilet preparations. Upturns in these sub-components more than offset sharp contractions in the manufacture of basic chemical substances and their products, and the preparation of sugar and panela.

Annual average growth in industrial production rose to an over two-year high of 4.5% in March, from 4.0% in February.

Panelists surveyed for this month’s LatinFocus report expect industrial production to expand 2.9% in 2019, which is unchanged from last month’s forecast. For 2020, the panel expects industrial production to also grow 3.0%.

Colombia - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)-1.8  1.3  1.8  3.5  -0.6  

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Colombia Industry Chart

Colombia Industry
Note: Annual variation of industrial output in %.
Source: Statistical Institute (DANE).

Colombia Facts

Bond Yield6.040.0 %Jun 13
Exchange Rate3,269-0.17 %Jun 13
Stock Market12,287-0.66 %Jun 13

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