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Economy

November factory output falls 13.3%

by Adriaan Alsema January 21, 2009

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)

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