Manufacturing production in Colombia dropped 26.2 percent year-on-year in May 2020, following a record 35.8 percent slump in the previous month and compared with market expectations of a 27 percent plunge. It was the third consecutive decline in manufacturing output, amid the coronavirus crisis. In May, 34 out of 39 activities registered declines, in particular beverages (-32.4 percent); non-metallic minerals (-45.6 percent); clothing (-63.4 percent); coking, oil refining, and fuel blending (-35.5 percent); iron & steel (-50.7 percent); and automotive vehicles (-91 percent). On a seasonally adjusted monthly basis, manufacturing output increased 15.7 percent, the most on record, rebounding from a downwardly revised 26.6 percent decrease in the prior month.

Industrial Production in Colombia averaged 2.11 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 August of 2020. source: DANE, Colombia

Industrial Production in Colombia is expected to be -4.00 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 2.00 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.

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Colombia Industrial Output

Actual Previous Highest Lowest Dates Unit Frequency
-26.20 -35.80 17.70 -35.80 1981 - 2020 percent Monthly
2014=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-15 03:00 PM Feb 4.6% 3.7% 3.4% 3.2%
2020-05-14 03:00 PM Mar -8.9% 4.5% -6% -5%
2020-06-12 03:00 PM Apr -35.8% -8.7% -25% -21%
2020-07-15 03:00 PM May -26.2% -35.8% -27% -29%
2020-08-13 03:00 PM Jun -26.2% -15%
2020-09-14 03:00 PM Jul
2020-10-15 03:00 PM Aug
2020-11-13 03:00 PM Sep -4%


News Stream
Colombia Manufacturing Output Falls for 3rd Month
Manufacturing production in Colombia dropped 26.2 percent year-on-year in May 2020, following a record 35.8 percent slump in the previous month and compared with market expectations of a 27 percent plunge. It was the third consecutive decline in manufacturing output, amid the coronavirus crisis. In May, 34 out of 39 activities registered declines, in particular beverages (-32.4 percent); non-metallic minerals (-45.6 percent); clothing (-63.4 percent); coking, oil refining, and fuel blending (-35.5 percent); iron & steel (-50.7 percent); and automotive vehicles (-91 percent). On a seasonally adjusted monthly basis, manufacturing output increased 15.7 percent, the most on record, rebounding from a downwardly revised 26.6 percent decrease in the prior month.
2020-07-15
Colombia Manufacturing Output Falls at Record Pace
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.
2020-06-12
Colombia Manufacturing Output Drops the Most in 7 Years
Manufacturing production in Colombia dropped 8.9 percent over a year earlier in March 2020, following a downwardly revised 4.5 percent gain in the previous month and compared with market expectations of a 6 percent fall. It was the largest decline in manufacturing output since March 2013, amid factories closures and lower demand due to the coronavirus pandemic. 29 out of 39 activities registered decreases, in particular non-metallic minerals (-27 percent), beverages (-12.7 percent); coking, oil refining, and fuel blending (-17.3 percent); clothes (-34.3 percent); automotive vehicles (-38.5 percent); and soaps and detergents, perfumes and toilet preparations (-10.7 percent). On a seasonally adjusted monthly basis, manufacturing output plunged 11.7 percent, after falling a downwardly revised 0.3 percent. Considering the first quarter of the year, manufacturing production fell 0.4 percent compared to the same period of 2019.
2020-05-14
Colombia Manufacturing Output Growth at Over 1-Year High
Manufacturing production in Colombia advanced 4.6 percent over a year earlier in February 2020, after increasing 3.7 percent in the previous month and above market forecasts of a 3.4 percent rise. It was the largest gain in manufacturing output since November 2018, as 28 out of 39 activities registered increases, namely beverages (12.7 percent); processing and preservation of meat, fish, crustaceans and mollusks (13.2 percent); other chemicals products (12.4 percent); coking, oil refining, and fuel blending (6.6 percent); and soaps and detergents, perfumes and toilet preparations (4.3 percent). On a seasonally adjusted monthly basis, manufacturing output fell 0.4 percent, following a downwardly revised 2.2 percent gain in the prior month.
2020-04-15

Colombia Industrial Output
In Colombia, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.