actual -12, previous 0.8
The event is "Cement Production YoY (Year-over-Year) for September" in Colombia. The actual percentage change in cement production compared to the same month last year is -12%. This indicates a decrease in cement production compared to the previous year.
The previous value was 0.8%, and the estimate was -2.5%. The actual value of -12% is significantly lower than both the previous value and the estimated value, showing a larger decline than expected.
This event is considered to have a low impact, as it pertains to a specific sector (cement production) within the Colombian economy. However, a significant decrease in cement production can have implications for construction activity and overall economic performance.