Manufacturing production in Colombia edged up 0.6 percent over a year earlier in February of 2021, rebounding from a 1.6 percent drop in the previous month. Main upward pressure came from manufacturing of basic chemicals (21.0 percent); electric equipment & appliances (15.9 percent); non-metallic mineral products (4.4 percent); plastic products (5.6 percent); other manufacturing industries (20.7 percent); other food products (5.6 percent). In contrast, the largest negative contribution came from manufacturing of soap, detergent & perfumes (-6.7 percent). On a seasonally-adjusted monthly basis, manufacturing production rebounded to 2.8 percent, after a 0.3 percent decline in January. source: DANE, Colombia
Industrial Production in Colombia averaged 2 percent from 1981 until 2021, reaching an all time high of 17.70 percent in March of 1998 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 April of 2021.
Industrial Production in Colombia is expected to be 5.70 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 3.00 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.