Unemployment in Colombia
Colombia - UnemploymentGDP growth beat market expectations in Q1, but was still lower than that seen last year. The manufacturing plus retail and wholesale trade sectors grew strongly, while the agricultural sector contracted. Turning to Q2, the data paints a mixed picture. The manufacturing PMI averaged higher in April–May than it did in Q1, thanks to robust domestic demand, with consumer confidence ticking up in April–May. That said, inflation remained at a close to 22-year high in May and interest rates continue to rise, boding poorly for consumer spending. In politics, all eyes are on the presidential elections. In a dramatic development, Rodolfo Hernández, a 77-year-old right-wing populist, tripled his support in just over two months to reach the second round of the elections—to be held on 19 June—along with left-wing frontrunner Gustavo Petro.
Colombia - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Colombia Unemployment 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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August 5, 2022
Consumer prices increased 0.80% in July over the previous month, accelerating from June's 0.51% rise.
August 2, 2022
Merchandise exports expanded 17.2% year-on-year in June, decelerating from May’s 47.0% increase.
August 1, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) came in at 49.5 in July, down from June's 55.7—the second-best reading on record.
August 1, 2022
At its 29 July meeting, the Board of Directors of Colombia’s Central Bank (BanRep) voted to increase the benchmark interest rate by 150 basis points, from 7.50% to 9.00%.
July 15, 2022
Manufacturing output grew 46.2% in year-on-year terms in May, which was above April's 13.7% increase.