Thursday, 26 November 2020

Colombia’s industrial output continues to drop

(Photo: Comunidad Textil)

Industrial production in Colombia continued to drop throughout September when the national statistics agency registered a contraction of 1.8% compared to the same month last year.

In its monthly report, statistics agency DANE said employment in the manufacturing industry dropped even more; 2.7%.

The drop was felt hardest in the car industry that saw a 23.3% drop in output. The production of seeds dropped 9.9%, followed by refined oil (-9.7%) and confection (-9%).

The country’s industrial output has shown a steady drop since the first half of 2012 when a free trade agreement with the United States came into force, allowing American producers access to Colombia’s consumption market without paying tariffs.

Industrial output per month

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In the first nine months of 2013, industrial output decreased a total of 2.5% compared to the same period last year.


The post Colombia’s industrial output continues to drop appeared first on Colombia News | Colombia Reports.

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