• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Confemetal warns about costs and the metal industry's trade deficit

FinanceInternationalInterempresas Media30 s readAI summary
Image: Interempresas Media

Confemetal's October 2026 economic report says the metal industry faces the end of the year with uncertainty driven by geopolitical tensions, energy volatility and rising costs. Metal industrial production grew 1.7% year-on-year in August and turnover rose 2.7% in July, though it is down 1.2% so far this year. The sector's trade deficit reached 23,349 million euros through July, 28.7% more year-on-year.

In 30 seconds

  • The sector's trade deficit reached 23,349 million euros through July, 28.7% more than a year earlier.
  • Metal industrial production rose 1.7% year-on-year in August, versus 4.4% in July, and 1.6% in the 2026 cumulative.
  • Metal industrial prices rose 5.3% year-on-year in August.
Read the full story at Interempresas Media

IASummary generated by artificial intelligence from a story by Interempresas Media. It may contain errors: the original source prevails.

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