UPDATE 1-Colombia industrial output, retail sales up in April

* Colombia expects 3 pct growth this year

* Retail sales up 7.9 pct in April vs April 2009

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BOGOTA, June 18 (BestGrowthStock) – Colombia’s industrial
production and retail sales increased in April versus the same
month last year in a sign the country is recovering from the
global economic crisis, the government said on Friday.

Colombia has increased its forecast growth for this year to
3 percent from a previous target of 2.5 percent and saw growth
of 4 percent for next year with inflation at 3 percent.

Industrial output increased 7.6 percent in April compared
with April 2009 due to automotive industry, basic chemicals and
plastics, the DANE statistics agency said. Production rose 6.4
percent in March from the same month last year.

Industrial production for the January to April period went
up 4.7 percent versus the same period last year on basic
chemicals and drinks.

Retail sales in April grew 7.9 percent compared with April
2009 on vehicles and motorcycles, information equipment and
household goods, it said. Retail sales increased 9.3 percent in
March versus the same period,

Between January and April, retail sales grew 7.6 percent
versus the same period last year, the agency said.

Economic activity is picking up after dropping on the back
of the global economic crisis, which hit exports and domestic
demand in the coffee-exporting Andean nation.

Stock Research
(Reporting by Jaime Luis Acosta; Editing by Diane Craft)

UPDATE 1-Colombia industrial output, retail sales up in April