Colombia: Economic activity growth dips in September
Latest reading: Economic activity increased 1.2% year on year in September, deteriorating from August’s 1.6% increase and falling short of market expectations. Looking at the details of the release, a sharp contraction in the industrial sector dented activity. In addition, agricultural output lost momentum, while growth in the services sector was largely unchanged in September. Meanwhile, annual average economic activity growth rose to 1.4% in September (August: +1.2%), pointing to an improving trend.
On a monthly basis, economic activity dropped at a softer clip of 0.4% in seasonally adjusted terms in September (August: -0.6% s.a. mom).