Manufacturing production in Colombia went down 0.2% over a year earlier in November of 2020, following a downwardly revised 2.6% decline in the previous month, in line with market expectations. It was the ninth consecutive month of decline in manufacturing activity but at the slowest pace in the current sequence. In November, 22 out of 39 activities registered decreases, mostly coking, oil refining, and fuel blending (-8.6%); the manufacture of clothing (-8.1%); iron and steel (-12.6%); printing (-12.8%) and automotive parts and accessories (-22.2%). On a monthly basis, manufacturing production rose 1.4%, after increasing 3.3% in the previous month. source: DANE, Colombia
Industrial Production in Colombia averaged 2.01 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 January of 2021.
Industrial Production in Colombia is expected to be 6.70 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 4.00 in 12 months time. In the long-term, the Colombia Industrial Output is projected to trend around 3.60 percent in 2022, according to our econometric models.