Mixed results for Colombia’s manufacturing sector
Figures released by Colombia’s office for national statistics on Monday showed an overall decrease in production in the manufacturing sector for the year 2013 despite a positive month for December.
Colombia’s national statistics agency DANE reported that production levels (excluding the coffee industry) in 2013 were 1.9% lower than 2012.
The main contributors to the fall were the industries of vehicle manufacturing (-19.8%), paper and cardboard (-6.9%), publishing (-12.8%) and clothing (-5.6%).
This led to an overall drop of 1.7% in sales as a whole.
Despite this overall drop in production the comparison of December 2012 and December 2013 showed a 1.5% increase.
This rise was down to the improved output of the milling industry (35.3%), non-metallic minerals (7.4%), dairy products (15%) as well as iron and steel (11.5%).
Employment in the manufacturing sector saw a 2.2% decrease.
Despite the drop in Colombia’s manufacturing sector, the country’s overall economy is one of the strongest in the continent according to Finance Minister Mauricio Cardenas.
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