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Colombia Economic Activity June 2023

Colombia: Economic activity growth gains steam in June

Economic activity expanded 1.7% year on year in June (May: +0.1% yoy). The upturn was largely driven by growth in the agriculture and services sectors.

On a seasonally adjusted monthly basis, economic activity rose at a faster rate of 1.1% in June (May: +0.6% mom), the best result since January. Meanwhile, the trend pointed down, with the annual average growth of economic activity coming in at 2.9% in June, down from May’s 3.5%.

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