Colombia: Economic activity growth speeds up in May
Latest reading: Economic activity expanded 2.8% year on year in May (April: +1.2% yoy). The upturn largely reflected stronger momentum in the services sector. Moreover, agricultural output and industrial production fell at a softer pace.
On a monthly basis, economic activity decreased 0.1% in seasonally adjusted terms in May, contrasting April’s 1.6% expansion. Meanwhile, the annual average of economic activity was stable, coming in at April’s 1.9% in May.