Manufacturing production in Colombia advanced by 4.5% over a year earlier in November of 2022, following a 5.4% rise in the previous month and beating market estimates of a 4.1% increase. It was the 22nd consecutive month of growth in industrial output, as 24 out of 39 activities registered increases, mainly the manufacture of autos (57.7%); steel products (21.1%); pharmaceutical and chemical medicinal goods (15.1%) and soaps, detergents, perfumes and toilet preparations (13.5%). On a seasonally adjusted monthly basis, manufacturing output was up 0.3%, following a downwardly revised 0.2% decrease in the prior month. source: DANE, Colombia
Industrial Production in Colombia averaged 2.59 percent from 1981 until 2022, reaching an all time high of 63.90 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 January of 2023.
Industrial Production in Colombia is expected to be -1.00 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, according to our econometric models.