Manufacturing production in Colombia dropped 8.9 percent over a year earlier in March 2020, following a downwardly revised 4.5 percent gain in the previous month and compared with market expectations of a 6 percent fall. It was the largest decline in manufacturing output since March 2013, amid factories closures and lower demand due to the coronavirus pandemic. 29 out of 39 activities registered decreases, in particular non-metallic minerals (-27 percent), beverages (-12.7 percent); coking, oil refining, and fuel blending (-17.3 percent); clothes (-34.3 percent); automotive vehicles (-38.5 percent); and soaps and detergents, perfumes and toilet preparations (-10.7 percent). On a seasonally adjusted monthly basis, manufacturing output plunged 11.7 percent, after falling a downwardly revised 0.3 percent. Considering the first quarter of the year, manufacturing production fell 0.4 percent compared to the same period of 2019.

Industrial Production in Colombia averaged 2.25 percent from 1981 until 2020, 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. 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 May of 2020. source: DANE, Colombia

Industrial Production in Colombia is expected to be -5.00 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 1.50 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.

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Colombia Industrial Output

Actual Previous Highest Lowest Dates Unit Frequency
-8.90 4.50 17.70 -22.70 1981 - 2020 percent Monthly
2014=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-13 03:00 PM Dec 3.2% -1.8% -0.5%
2020-03-13 03:20 PM Jan 3.7% 3.5% 2% 2.4%
2020-04-15 03:00 PM Feb 4.6% 3.7% 3.4% 3.2%
2020-05-14 03:00 PM Mar -8.9% 4.5% -6% -5%
2020-06-12 03:00 PM Apr -8.9% -15%
2020-07-15 03:00 PM May
2020-08-13 03:00 PM Jun -5%
2020-09-14 03:00 PM Jul


News Stream
Colombia Manufacturing Output Drops the Most in 7 Years
Manufacturing production in Colombia dropped 8.9 percent over a year earlier in March 2020, following a downwardly revised 4.5 percent gain in the previous month and compared with market expectations of a 6 percent fall. It was the largest decline in manufacturing output since March 2013, amid factories closures and lower demand due to the coronavirus pandemic. 29 out of 39 activities registered decreases, in particular non-metallic minerals (-27 percent), beverages (-12.7 percent); coking, oil refining, and fuel blending (-17.3 percent); clothes (-34.3 percent); automotive vehicles (-38.5 percent); and soaps and detergents, perfumes and toilet preparations (-10.7 percent). On a seasonally adjusted monthly basis, manufacturing output plunged 11.7 percent, after falling a downwardly revised 0.3 percent. Considering the first quarter of the year, manufacturing production fell 0.4 percent compared to the same period of 2019.
2020-05-14
Colombia Manufacturing Output Growth at Over 1-Year High
Manufacturing production in Colombia advanced 4.6 percent over a year earlier in February 2020, after increasing 3.7 percent in the previous month and above market forecasts of a 3.4 percent rise. It was the largest gain in manufacturing output since November 2018, as 28 out of 39 activities registered increases, namely beverages (12.7 percent); processing and preservation of meat, fish, crustaceans and mollusks (13.2 percent); other chemicals products (12.4 percent); coking, oil refining, and fuel blending (6.6 percent); and soaps and detergents, perfumes and toilet preparations (4.3 percent). On a seasonally adjusted monthly basis, manufacturing output fell 0.4 percent, following a downwardly revised 2.2 percent gain in the prior month.
2020-04-15
Colombia Manufacturing Output Rises More than Expected
Manufacturing production in Colombia increased 3.7 percent year-on-year in January 2020, following an upwardly revised 3.5 percent gain in the previous month and beating market expectations of a 2 percent rise. It was the largest gain in manufacturing output since July last year, as 23 out of 38 activities registered increases, in particular beverages (5.3 percent); coking, oil refining, and fuel blending (8 percent); processing and preservation of meat, fish, crustaceans and molluscs (9.8 percent); dairy products (8.9 percent); other chemicals products (9.3 percent); and clothing (11 percent). On a seasonally adjusted monthly basis, manufacturing output went up 2.6 percent, after an upwardly revised 0.3 percent increase in the prior month.
2020-03-13
Colombia Manufacturing Output Rebounds in December
Manufacturing production in Colombia rose 3.2 percent over a year earlier in December 2019, rebounding from an upwardly revised 1.8 percent fall in the previous month. It was the largest gain in manufacturing output since July, as 25 out of 39 activities registered increases, namely other chemical products (14.3 percent); soaps & detergents, perfumes and toilet preparations (9.9 percent); other food products (11.7 percent); coking, oil refining, and fuel blending (5.5 percent); processing and preservation of meat, fish, crustaceans and molluscs (8.3 percent); and clothing (9 percent). On a seasonally adjusted monthly basis, manufacturing output went down 2.1 percent, after an upwardly revised 0.4 percent decline in November. Considering 2019 as a whole, manufacturing production advanced 1.9 percent compared to the prior year.
2020-02-13

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.