Manufacturing production in Colombia increased 3.0 percent year-on-year in January 2017, rebounding from a 0.8 percent fall in the previous month and in line with market expectations. In January, 26 out of 39 manufacturing activities registered gains, namely beverages (8.5 percent); paper & paper products (10.7 percent); plastic (8.5 percent); pharmaceutical products & medicines (8.4 percent); clothing (9.3 percent); non-metallic minerals (4.2 percent); other chemical products (6.2 percent); machinery & equipment (7.8 percent); motor vehicle & trucks body (51.6 percent); and printing (11 percent). On a seasonally adjusted monthly basis, manufacturing output went up 3.1 percent, recovering from a 3.8 percent decline. 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 -0.40 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 2.40 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.