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Colombia Economic Activity November 2022

Colombia: Economic activity growth drops to over one-year low in November

Economic activity rose 3.0% year on year in November (October: +4.6% yoy). November’s outturn marked the worst reading since February 2021. The notable deterioration was largely driven by a deterioration in the agriculture and services sectors.

On a seasonally adjusted monthly basis, economic activity fell at a softer rate of 0.1% in November (October: -0.7% mom). Meanwhile, the trend pointed down, with the annual average growth of economic activity coming in at 8.3% in November, down from October’s 9.0%.

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