Manufacturing production in Colombia rose 4.7 percent year-on-year in November, following a downwardly revised 5.4 percent increase in the previous month. In November, of the 39 surveyed activities, a total of 25 posted gains, mainly the production of: coke and refined oil products (11.6%); beverages (6.6%); clothing (11.8%); paper & paper products (15.5%); iron & steel (5.7%); machinery & equipment (12.9%); motor vehicles and their engines (12.6%) and body of the cars (45.1%). On a seasonally adjusted monthly basis, manufacturing output went down 0.5 percent, after an upwardly revised 0.3 percent fall in the previous month. Considering the first eleven months of 2018, manufacturing production grew 3.3 percent over a year ago Industrial Production in Colombia averaged 2.27 percent from 1981 until 2018, reaching an all time high of 17.70 percent in March of 1998 and a record low of -22.70 percent in March of 1999.
Industrial Production in Colombia is expected to be -0.40 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 2.40 in 12 months time. In the long-term, the Colombia Industrial Output is projected to trend around 2.80 percent in 2020, according to our econometric models.