Manufacturing production in Colombia fell 1.5 percent year-on-year in November 2019, following an upwardly revised 2.2 percent gain in the previous month. It was the largest decrease in manufacturing output since March last year, as 21 out of 39 activities registered declines, in particular pharmaceutical products (-10.4 percent); other manufacturing industries (-27.5 percent); iron & steel (-15.1 percent); automotive vehicles & motors (-26.2 percent); non-metallic mineral products (-26.2 percent); coking, oil refining, and fuel blending (-3.1 percent); clothing (-4.2 percent) and metal products (-7 percent). On a seasonally adjusted monthly basis, manufacturing output went down 0.1 percent, after a 1.1 percent rise in the prior month. 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. source: DANE, Colombia
Industrial Production in Colombia is expected to be 2.50 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 3.20 in 12 months time. In the long-term, the Colombia Industrial Output is projected to trend around 3.40 percent in 2020, according to our econometric models.