Colombia Economic Outlook
April 9, 2019Available indicators point to a loss of pace in the first quarter. Retail sales growth decelerated in January, as soaring unemployment and downbeat consumer sentiment in January–February likely weighed on household consumption. Moreover, although industrial production rebounded in January, the manufacturing PMI remained in contractionary terrain throughout Q1. In addition, exports fell again in January on sliding oil prices and a decline in coal production, although bounced back in February. On the other hand, fixed investment growth likely improved in January, reflected by a solid upturn in imports of capital and intermediate goods. Meanwhile, the Ministry of Finance unveiled the results of the independent Fiscal Rule Committee, which gave the government some extra room to alleviate rising pressures on the budget from the growing influx of Venezuelans.
Colombia Economic GrowthGrowth is set to climb on an acceleration in exports, while domestic demand should remain solid. A rise in business confidence should help lift fixed investment growth, while private consumption should expand at a healthy pace. Risks to the outlook stem from uncertainties over the pace of fiscal reform and volatility in commodity prices. FocusEconomics panelists expect GDP to grow 3.1% in 2019, which is unchanged from last month’s forecast, and 3.2% in 2020.
Colombia Economy Data
5 years of Colombia economic forecasts for more than 30 economic indicators.
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|Bond Yield||6.39||0.0 %||Apr 22|
|Exchange Rate||3,156||-0.17 %||Apr 22|
|Stock Market||12,982||-0.66 %||Apr 22|
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Colombia Economic News
April 17, 2019
The Fedesarrollo consumer confidence index rebounded after remaining in negative territory for six consecutive months; it rose to 1.2 points in March from minus 5.6 points in February.
April 12, 2019
According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 12 April, the industrial sector grew 2.8% over the same month of last year in February.
April 5, 2019
According to the National Department of Administrative Statistics (DANE), consumer prices increased 0.43% over the previous month in March, a slightly softer upturn compared to February’s 0.57% month-on-month rise.
April 4, 2019
According to the National Department of Administrative Statistics (DANE), exports returned to growth in February, growing 6.2% over the same month of the previous year.
April 1, 2019
Colombia’s manufacturing sector contracted more sharply in March, reflected by a drop in the seasonally-adjusted Davivienda manufacturing Purchasing Managers Index (PMI) from 49.5 in February to 48.9 in March.