Colombia Economic Outlook
July 15, 2014
Recent indicators paint a rosy picture of the economy. In the first quarter, GDP grew a strong 6.4% over the previous quarter, which marked both an improvement over the 5.3% expansion recorded in the fourth quarter and the quickest pace of growth in over two years. The acceleration was driven by improving domestic demand, particularly private consumption and investment. Exports tallied a 2.9% expansion in May, which contrasted April’s 13.1% contraction. Consumer confidence rose from May’s 23.2 points to 26.6 points in June.Colombia Economic Data
Colombia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 6.6 | 0.75 % | Jul 24 |
| Exchange Rate | 1,847 | -0.03 % | Jul 24 |
| Stock Market | 13,920 | -0.30 % | Jul 24 |
Colombia Economic Growth
July 15, 2014
LatinFocus Consensus Forecast panelists forecast economic growth of 4.9% in 2014, which is up 0.3 percentage points from last month’s forecast. For 2015, the panel sees economic growth at 4.6%.Sample Report
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Colombia Economic News
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Colombia: Industrial production rebounds in May
July 23, 2014
In May, industrial production (excluding coffee threshing) rose 2.0% over the same month last year, which contrasted the 2.4% contraction recorded in April.
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Colombia: Consumer confidence continues on upward trend in June
July 11, 2014
The Fedesarrollo consumer sentiment index rose from 23.3 points in May to 26.6 points in June, reaching the highest value in five months.
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Colombia: Exports rebound in May expanding at the fastest pace in five months
July 11, 2014
Exports rose 2.9% over the same month last year in May, which contrasted the 13.1% contraction recorded in April and marked the fastest pace of expansion since December last year.
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Colombia: Inflation declines slightly in June
July 5, 2014
In June, consumer prices rose 0.09% over the previous month, which was below the 0.48% inflation rate registered in May.
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Colombia: Central Bank increases key policy rate further
July 4, 2014
The Central Bank (BanRep) increased its reference interest rate by 0.25 percentage points to 4.00% at its 20 June monetary policy meeting.
