Colombia: Economic activity growth eases in March
Economic activity rose 1.6% year on year in March (February: +2.4% yoy). Looking at the details of the release, the agriculture sector accelerated in March, while the contraction in the industrial sector worsened. Meanwhile, the services sector grew at a softer pace.
On a seasonally adjusted monthly basis, economic activity rebounded, rising 0.4% in March (February: -1.3% mom). Meanwhile, the trend pointed down, with the annual average growth of economic activity coming in at 5.7%, down from February’s 6.2% reading.