Colombia’s industrial production fell 3.7% year-on-year in August 2026, deepening July’s 2.4% decline and sharply undershooting market expectations of a 2.1% contraction. Output decreased in 29 of the 39 industrial activities surveyed, with the steepest drops in printing (-18.9%), basic chemicals (-16.4%), clothing manufacturing (-15.4%), sugar and panela (-12.3%), and paper and paperboard (-11.3%). In contrast, production increased in the manufacture of other transport equipment (13.4%), fabricated metal products (10.7%), and beverages (9.0%). Real sales fell 3.5%, and industrial employment declined by 1.3%.