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.

MORE: Colombia’s economy climbs to 3rd place in South American rankings



The post Mixed results for Colombia’s manufacturing sector appeared first on Colombia News | Colombia Reports.

Since you’re here …

… we have a small favour to ask. More people are reading the Today Colombia than ever but advertising revenues across the media are falling fast. And unlike many news organizations, we haven’t put up a paywall – we want to keep our site as open as we can. So you can see why we need to ask for your help. Updating reports on Today Colombia takes a lot of time, money and hard work. But we do it because we believe our reports matter.
If everyone who reads Today Colombia, who likes it, helps to support it by clicking our ads, our future would be much more secure. Do you part, click on an ad today.

Written by Rico


"Rico" is the crazy mind behind the Q media websites, a series of onlinemagazines that includes Rico brings his special kind of savvy to online marketing. His websites are engaging, provocative, informative and sometimes off the wall, where you either like or you leave it. The same goes for him, like him or leave him.There is no middle ground. No compromises, only a passion to present reality as he sees it!