Colombian industry continues to show signs of recovery



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ANDI's most recent Survey of the Common Industrial Opinion (EOIC) and the various unions indicated that the outlook for this sector was favorable in the last five months, since Positive growths were recorded According to the results, production increased by 2.2%, total sales by 2.9% and, within these [19659002] on the domestic market increased by 2.4% .

"In the previous year, these rates were -0.7%, -1.4% and -2.3%, respectively If we exclude the under -sector refining, the growth of the industry is respectively 1.7%, 2.4% and 1.1%, "he told EOIC.

According to the report, total exports increased by 14.5% during the first five months of the year and, within these, sales in the industrial sector were presented a 10.8%. The retail trade increased by 5.6% over the same period and by 5.2% excluding motor vehicles and fuels.

Regarding Business Climate Indicators last May 57.8% of respondents ranked the current status of their business as good as revealed by the survey.

Obstacles

The main obstacles encountered by the contractors in the first five months of the year "in their order are: lack of demand, followed by cost and price. Supply of raw materials aggressive pricing and marketing strategies, exchange rate volatility and

Regarding expectations on the immediate future "the outlook is positive , since the percentage of entrepreneurs who considers that in the coming months the business situation will improve, it will be 49% more than 10 points above the indicator observed in May 2017 (38.7%), "said EOIC

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