Wednesday, July 24, 2024

Logo Central America Link

Colombian industry turns up pace in June

Thursday, August 23, 2012

Colombian industry expanded at its fastest pace in four months in June, ending the contraction that was one of the reasons cited by the central bank in its decision to reduce borrowing costs last month.

Industrial production rose 2.8 percent from a year earlier, the national statistics agency said, more than all the forecasts in a Bloomberg survey of 20 analysts, whose median forecast was for a 0.1 percent increase.

Retail sales expanded 4 percent from a year earlier, also exceeding the forecasts of all 20 analysts surveyed by Bloomberg.

Source: Bloomberg