Industrial Production in Colombia decreased 2 percent in March of 2023 over the same month in the previous year. source: DANE, Colombia

Industrial Production in Colombia averaged 2.58 percent from 1981 until 2023, reaching an all time high of 64.20 percent in April of 2021 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 June of 2023.

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. In the long-term, the Colombia Industrial Output is projected to trend around 2.00 percent in 2024 and 2.30 percent in 2025, according to our econometric models.

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Colombia Industrial Output

Calendar GMT Actual Previous Consensus TEForecast
2023-04-14 03:00 PM Feb 0.4% 0.2% -0.3% -0.3%
2023-05-12 03:00 PM Mar -2% 0.4% -1% -8.8%
2023-06-15 03:00 PM Apr -2% -3.0%

Related Last Previous Unit Reference
Industrial Production -2.00 0.40 percent Mar 2023
Total Vehicle Sales 6611.00 6258.00 Units Mar 2023
Leading Economic Index 1.61 2.39 percent Mar 2023
Cement Production 1111785.78 1231374.33 Tonnes Apr 2023
Industrial Production Mom -0.10 -1.00 percent Feb 2023

Colombia Industrial Output
In Colombia, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.
Actual Previous Highest Lowest Dates Unit Frequency
-2.00 0.40 64.20 -35.80 1981 - 2023 percent Monthly
2014=100, NSA

News Stream
Colombia Manufacturing Output Unexpectedly Rises
Manufacturing production in Colombia went up 0.4 percent year-on-year in February 2023, the same as in the previous month, and compared with market expectations of a 0.3 percent decrease. Output rose the most for automotive engine and vehicle manufacturing (45.8 percent); coke and refined petroleum products (24.3 percent); and soaps, detergents, and perfumes (21 percent). On the other hand, production fell for manufacturing of basic chemicals (-16.5 percent); paper & cardboard (-11.9 percent) and plastic products (-7.1 percent).
Colombia Industrial Output Growth Slows to 2-Year Low
Colombia's industrial production grew by 0.2 percent from a year earlier in January 2023, easing from a 0.5 percent expansion in the previous month. It was also the softest pace of increase in output since a 1.4 percent contraction was recorded in January 2021, mainly dragged by declines in the production of chemicals and related products (-24.9 percent), sugar (-27.0 percent), and pharmaceutical preparations (-13.9 percent). On a brighter note, output rose for coke and refined petroleum products (16.9 percent), personal care products (16.5 percent), and beverages (5.6 percent).
Colombia Industrial Output Rises Less than Expected
Manufacturing production in Colombia went up 0.5 percent year-on-year in December of 2022, the least since February 2021 and much less than the market expectations of a 2.4 percent advance. In December, 16 out of 39 industrial activities registered increases, adding 3.6 percentage points to the total variation while 23 subsectors registered declines, adding 3.0 percentage points to the total variation. Output grew mainly for the manufacture of beverages (5.2 percent) and autos (85.4 percent) but fell for basic chemicals (-22.6 percent).