International Reserves in Colombia
Colombia - International ReservesGrowth accelerated to a four-year high in the third quarter, contrasting the Q2’s slowdown. Robust domestic demand drove Q3’s expansion. Household spending rose at a faster clip compared to Q2 on the back of sturdy remittance inflows and credit growth, rising real wages and migration inflows from Venezuela. Moreover, fixed investment growth quickened in Q3 amid buoyant business sentiment and VAT deductions on investment in machinery and equipment. That said, the external sector dragged on overall growth in Q3 as export growth lost pace while imports surged. Meanwhile, Colombians have taken to the streets recently in widespread anti-government protests. The protests have quickly turned violent, while meetings between President Duque and protest leaders have failed to produce any breakthrough. Duque has promised to hold a national dialogue with all social stakeholders to address these issues; however, this has so far been met with skepticism.
Colombia - International Reserves Data
|International Reserves (USD)||43.6||47.3||46.7||46.7||47.6|
5 years of economic forecasts for more than 30 economic indicators.
Colombia International Reserves Chart
Source: Colombia Central Bank and FocusEconomics calculations.
|Bond Yield||6.06||0.0 %||Nov 21|
|Exchange Rate||3,421||-0.17 %||Nov 21|
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December 5, 2019
Consumer prices rose 0.10% over the previous month in November, decelerating from October’s 0.16% increase.
December 3, 2019
Exports fell 11.9% over the same month of the previous year in October, following the 12.3% year-on-year drop in September which had marked the sharpest fall since December 2018.
December 2, 2019
Business conditions in Colombia’s manufacturing sector continued to improve in November.
November 20, 2019
Consumers turned less pessimistic in October, with the Fedesarrollo consumer confidence index rising to minus 9.8 from 10.7 in September.
November 14, 2019
Industrial production grew 0.3% on an annual basis in September, edging up from August’s meager 0.1% expansion according to the Statistical Institute (DANE).