Colombia’s Industrial Production index in June was 13.8%

RIO DE JANEIRO, BRAZIL – Colombia’s Industrial Production Index (IPI) in June was 13.8%, as reported Thursday by the National Administrative Department of Statistics (DANE).

“In June 2021 versus June 2020, the Industrial Production Index presented a variation of 13.8%,” DANE explained in its monthly bulletin.

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According to the information, in the sixth month of the year, with respect to 2020, three of the four industrial sectors presented positive variations.

DANE detailed that Manufacturing Industry presented a variation of 20.8%; Electricity and gas supply of 9.3%, and Mining and quarrying of 0.9%.

In contrast, the Water collection, treatment, and distribution sector presented a negative variation of 0.4%.

In addition, DANE explained that in June 2021, compared to June 2020, out of the 26 industrial activities, 24 presented positive variations contributing 14.6 percentage points to the annual variation.

While the two remaining activities that presented negative variations were Water collection, treatment and distribution, and Extraction of crude oil and natural gas, which together subtracted 0.7 percentage points to the annual variation.

According to the disclosed data, for the first 6 months of 2021, the IPI variation was 7.8% compared to the same period of 2020.

In the first quarter, the manufacturing industry presented a variation of 16.1 %, thus contributing 9.3 percentage points to the IPI variation compared to the January-June period of the previous year.