Manufacturing production in Colombia plunged 10.3 percent over a year earlier in August 2020, after dropping 8.5 percent in the previous month and compared with market expectations of a 7.8 percent fall. It was the fifth successive decline in manufacturing output, amid the coronavirus crisis. In August, 35 out of 39 activities registered declines, namely beverages (-16.8 percent); clothing (-30.9 percent); coking, oil refining, and fuel blending (-14 percent); iron & steel (-21.3 percent); plastic products (-10.2 percent); and non-metallic minerals (-7.3 percent). On a seasonally adjusted monthly basis, manufacturing output went up 0.7 percent, after increasing a downwardly revised 4 percent in the prior month. source: DANE, Colombia
Industrial Production in Colombia averaged 2.04 percent from 1981 until 2020, reaching an all time high of 17.70 percent in March of 1998 and a record low of -35.80 percent in April of 2020. This page provides the latest reported value for - Colombia Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Colombia Industrial Output - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Industrial Production in Colombia is expected to be -3.00 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 2.50 in 12 months time. In the long-term, the Colombia Industrial Output is projected to trend around 3.40 percent in 2021 and 3.60 percent in 2022, according to our econometric models.