Manufacturing production in Colombia rose 3.2 percent year-on-year in May 2019, rebounding from an upwardly revised 1.5 percent decline in the previous month and beating market expectations of a 2.7 percent gain. In May, 16 out of 39 manufacturing activities registered increased, in particular other chemical products (17.1 percent); non-metallic minerals (8.5 percent); beverages (4.4 percent); clothing (8.3 percent); iron & steel (7 percent); automotive vehicles & engines (13.7 percent); paper & cardboard products (3.9 percent); plastic (4.1 percent); and other transport equipment (27.5 percent). On a seasonally adjusted monthly basis, manufacturing output went up 1.1 percent, after an upwardly revised 0.5 percent 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.
Industrial Production in Colombia is expected to be 3.00 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 4.10 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.