Manufacturing production in Colombia plunged 35.8 percent year-on-year in April 2020, after dropping a downwardly revised 8.7 percent and compared with market expectations of a 25 percent fall. It was the largest decline in manufacturing output on record, amid factories closures due to the coronavirus pandemic. In April, 33 out of 39 activities registered decreases, namely beverages (-59.2 percent); non-metallic minerals (-88.1 percent); coking, oil refining, and fuel blending (-43.9 percent); clothing (-87 percent); iron & steel (-65.3 percent); metal products (-66 percent); and automotive vehicles (-99.8 percent). On a seasonally adjusted monthly basis, manufacturing output slumped a record 26.7 percent, following a downwardly revised 11 percent drop in the prior month.
Industrial Production in Colombia averaged 2.17 percent from 1981 until 2020, 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 July 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.