November factory output falls 13.3%

Colombia’s industrial production sank 13.3 percent in November compared
with the same month in 2007, the fourth consecutive monthly fall, the
DANE national statistics agency said on Tuesday.

Only a quarter of the country’s industrial sectors registered
growth in November, underlining a slowdown in the Colombian economy as
the global financial crisis hits export revenues.

In October, Colombia’s factory output fell by 7.46 percent year-on-year.

Between January and November, the Andean country’s industrial
output fell 3.0 percent compared with the same period a year earlier,
the agency said in a statement. (Reuters)