Retail Sales in Colombia
Colombia - Retail SalesDynamics seemingly improved further in Q3, with economic activity continuing to expand at a double-digit pace in annual terms in July–August, although the growth rate eased on average from Q2 amid a fading base effect. Moreover, a declining unemployment rate in Q3—September’s reading marked a 21-month low—and improving consumer sentiment will have supported household spending in the quarter, as suggested by healthy retail sales growth in the first two months of the period. That said, mounting price pressures could have capped the overall improvement. Furthermore, industrial output increased notably in July–August and the manufacturing PMI was upbeat throughout Q3, further pointing to healthier dynamics overall. Meanwhile, on 20 October, Congress approved a record COP 350.4 trillion (around USD 93 billion) budget for 2022, which marks a 5.3% increase from the approved expenditure for 2021.
Colombia - Retail Sales Data
|Retail Sales (annual variation in %)||6.4||2.0||-0.1||5.4||8.1|
5 years of economic forecasts for more than 30 economic indicators.
Colombia Retail Sales Chart
Source: Statistical Institute (DANE).
|Bond Yield||6.08||0.0 %||Dec 30|
|Exchange Rate||3,287||-0.17 %||Jan 01|
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Colombia: Consumer confidence hits highest reading since January 2020 in October; remains in negative territory
November 8, 2021
The Fedesarrollo consumer confidence came in at minus 1.3 in October, improving from September's minus 3.0.
November 5, 2021
Consumer prices rose 0.02% in October over the previous month, cooling from September 0.38% increase and logging the lowest print in four months.
November 2, 2021
Merchandise exports expanded 40.4% year-on-year in September, accelerating markedly from August’s 28.4% growth.
November 2, 2021
The seasonally-adjusted Manufacturing Purchasing Managers' Index (PMI)—produced by IHS Markit and Davividenda—fell to 54.0 in October from 55.5 in September, which had marked the second-highest reading on record.
October 29, 2021
At its 29 October meeting, the Board of Directors of Colombia’s Central Bank (BanRep) decided to raise the benchmark interest rate by 50 basis points to 2.50% from 2.00%.