Industry in Colombia
Colombia - Industry
Industrial productions contracts for the first time in nine months in December
According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 14 February, the industrial sector contracted for the first time in nine months in December. Industrial output fell 0.8% over the same month of the previous year in December, contrasting a 4.7% year-on-year expansion in November.
Looking at a breakdown of the industrial activities, December’s contraction was underpinned by notable declines in the production of coking, oil refining and fuel blending; cloth making; and the manufacture of soaps and detergents, perfumes and headgear preparations.
Annual average growth in industrial production remained at 2.9% in December.
Panelists surveyed for this month’s LatinFocus report expect industrial production to expand 3.1% in 2019, which is down 0.1 percentage points from last month’s forecast. For 2020, the panel expects industrial production growth to accelerate slightly to 3.2%.
Colombia - Industry Data
|Industrial Production (annual variation in %)||-1.8||1.3||1.8||3.5||-0.6|
5 years of economic forecasts for more than 30 economic indicators.
Colombia Industry Chart
Source: Statistical Institute (DANE).
|Bond Yield||6.67||0.0 %||Feb 14|
|Exchange Rate||3,151||-0.17 %||Feb 14|
|Stock Market||12,002||-0.66 %||Feb 14|
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February 14, 2019
According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 14 February, the industrial sector contracted for the first time in nine months in December.
February 5, 2019
According to the National Department of Administrative Statistics (DANE), exports swung to contraction in December from expansion in the previous month.
February 5, 2019
According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.60% over the previous month in January, following a 0.30% month-on-month upturn in December.
February 1, 2019
Colombia’s manufacturing sector slammed the brakes in January, on the heels of a five-month slump.
January 31, 2019
At its Board of Directors meeting held on 31 January, Colombia’s Central Bank (Banco de la República, BanRep) maintained the benchmark interest rate at 4.25%, where it has been since 27 April when the Bank cut the rate by 25 basis points.