Industry in Colombia
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
|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||6.04||0.0 %||Jun 13|
|Exchange Rate||3,269||-0.17 %||Jun 13|
|Stock Market||12,287||-0.66 %||Jun 13|
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June 5, 2019
Consumer prices rose 0.31% over the previous month in May, following a 0.50% month-on-month increase in April.
June 4, 2019
Business conditions in Colombia’s manufacturing sector improved again in May but at a softer rate compared to April.
June 4, 2019
Exports rose 2.2% over the same month of the previous year in April, contrasting a 0.8% year-on-year drop in March.
May 23, 2019
The economy grew 2.8% in annual terms in the first quarter of the year, up marginally from the fourth quarter’s revised 2.7% growth (previously reported: +2.8% year-on-year), according to the latest national accounts data released by the Statistical Institute (DANE) on 22 May.
May 17, 2019
Consumers turned pessimistic at the start of the second quarter, with the Fedesarrollo consumer confidence index plunging into negative territory in April, as it fell from 1.2 points in March to minus 9.6 points.