Similarly, the significant rise in investment in machinery and equipment in diverse sectors of the economy that we are seeing currently suggests that companies in Colombia are making the most of the peso appreciation (which lowers the peso price of capital goods imports). They are doing so in order to increase their productivity and to become more competitive.
In the industrial sector, some companies are taking advantage of the low cost of imported intermediate goods, and some are concentrating on the production of goods with a higher value added. Employment and production have improved in sectors such as industry, construction and commerce, which have benefited from the rise in income and the strength of domestic demand.