Manufacturing production in Colombia rose 3.2 percent year-on-year in March 2019, following an upwardly revised 2.9 percent gain in the previous month and below market of a 3.7 percent increase. In March, 26 out of 39 manufacturing activities registered gains, other chemical products (19.6 percent); pharmaceutical products & chemicals (12.4 percent); soaps, detergents, perfumes & toilet preparations (8 percent); motor vehicle & trucks body (67.1 percent); paper & paperboard (6.9 percent); clothing (7.6 percent); beverages (2.3 percent); non-metallic minerals (3.3 percent); plastic products (4.9 percent); and other transport equipment (24.8 percent). On a seasonally adjusted monthly basis, manufacturing output went down 0.1 percent, after an upwardly revised 0.5 percent increase in the prior month. Considering the first quarter of the year, manufacturing production increased 3 percent over the same period of the prior year. Industrial Production in Colombia averaged 2.27 percent from 1981 until 2019, reaching an all time high of 17.70 percent in March of 1998 and a record low of -22.70 percent in March of 1999.
Industrial Production in Colombia is expected to be 7.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Colombia to stand at 4.50 in 12 months time. In the long-term, the Colombia Industrial Output is projected to trend around 2.80 percent in 2020, according to our econometric models.