Unemployment in Colombia
Colombia - UnemploymentEconomic activity remained tepid in the second quarter. Industrial production decelerated, on average, in April–May, while the manufacturing PMI swung into contractionary territory in June. At the same time, exports fell more sharply in the quarter. Moreover, retail sales growth, on average, softened in April–May. This, coupled with consumer confidence diving in the quarter, points to private consumption losing traction amid rising inflation, fueled in part by a weaker peso. On the upside, the PMI bounced back in July. In politics, the government is debating whether the planned sale of public assets can be accounted for as tax revenues. This follows allegations that the 2020 budget unveiled on 29 July has covertly included the revenue from the potential privatization, used as an accounting ploy to mask a bigger budget shortfall. Next year’s budget will allocate more money to government operations, while cutting back on investment.
Colombia - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Colombia Unemployment Chart
Source: Statistical Institute (DANE).
|Bond Yield||5.82||0.0 %||Jul 31|
|Exchange Rate||3,281||-0.17 %||Jul 31|
|Stock Market||12,727||-0.66 %||Jul 31|
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August 20, 2019
Consumer sentiment improved in July, albeit remained in pessimistic territory.
August 14, 2019
Industrial production fell 1.1% over the same month of the last year in June, according to data released by the country’s National Administrative Department of Statistics (DANE) on 14 August.
August 5, 2019
Consumer prices rose 0.22% over the previous month in July, following a 0.27% month-on-month upturn in June.
August 2, 2019
Exports contracted 8.7% over the same month of the previous year in June, contrasting a 1.2% year-on-year rise in May.
August 1, 2019
Business conditions in Colombia’s manufacturing sector improved in July.