Colombia: Economic activity surges in March
Latest reading: Economic activity grew 4.5% year on year in March, improving from February’s 1.4% rise and marking the best result since April 2024. March’s reading smashed market expectations. Looking at the details of the release, the agriculture and industrial sectors rebounded sharply, and services picked up pace.
As a result, annual average economic activity growth rose to 2.2% in March from 1.7% in February, pointing to an improving trend.
On a monthly basis, economic activity shrank 0.9% in seasonally adjusted terms in March, swinging from a 0.3% rise seen in February.