Manufacturing production in Colombia rose 8.6 percent over a year earlier in May of 2021, sharply slowing from an upwardly revised 63.9 percent surge in April and largely missed market expectations of a 32.3 percent jump. Main upward pressure came from manufacturing of beverages (30.2 percent); clothing (144.1 percent); non-metallic mineral products (47.8 percent); refined petroleum products and coke (32.9 percent); iron and steel (73.9 percent); and other chemical products (27.2 percent). In contrast, the largest negative contribution came from manufacturing of soap, detergent & perfumes (-31.5 percent). On a seasonally-adjusted monthly basis, manufacturing production slumped 22.1 percent, following a 1.1 percent decline in April. source: DANE, Colombia
Industrial Production in Colombia averaged 2.18 percent from 1981 until 2021, reaching an all time high of 63.70 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 July of 2021.
Industrial Production in Colombia is expected to be 6.50 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 2.00 in 12 months time. In the long-term, the Colombia Industrial Output is projected to trend around 3.50 percent in 2022 and 3.60 percent in 2023, according to our econometric models.