Current Account in Colombia
Colombia - Current AccountFirst-quarter growth came in slightly above Q4 2018, thanks to a positive contribution from inventories countering weakness on the domestic and external front. Ongoing belt-tightening measures caused government spending to decelerate, which, along with a fall in fixed investment growth amid weak business sentiment, eroded the gains from a faster expansion in private consumption. Meanwhile, exports rose more softly on reduced oil sales. Going into Q2, the data is mixed. Exports bounced back in April on higher fuel shipments, while the manufacturing PMI returned to expansionary territory in the first two months. On the downside, households turned markedly pessimistic in April, boding ill for private spending at the outset of the quarter. In other news, Colombia received mixed signals from credit agencies on the progress of fiscal consolidation efforts: On 23 May, Moody’s upgraded the sovereign outlook to stable, while Fitch Ratings downgraded it to negative.
Colombia - Current Account Data
|Current Account (% of GDP)||-3.3||-5.2||-6.3||-4.2||-3.3|
5 years of economic forecasts for more than 30 economic indicators.
Colombia Current Account Chart
Source: Colombia Central Bank and Met the why particular calculations.
|Bond Yield||6.04||0.0 %||Jun 13|
|Exchange Rate||3,269||-0.17 %||Jun 13|
|Stock Market||12,287||-0.66 %||Jun 13|
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June 5, 2019
Consumer prices rose 0.31% over the previous month in May, following a 0.50% month-on-month increase in April.
June 4, 2019
Business conditions in Colombia’s manufacturing sector improved again in May but at a softer rate compared to April.
June 4, 2019
Exports rose 2.2% over the same month of the previous year in April, contrasting a 0.8% year-on-year drop in March.
May 23, 2019
The economy grew 2.8% in annual terms in the first quarter of the year, up marginally from the fourth quarter’s revised 2.7% growth (previously reported: +2.8% year-on-year), according to the latest national accounts data released by the Statistical Institute (DANE) on 22 May.
May 17, 2019
Consumers turned pessimistic at the start of the second quarter, with the Fedesarrollo consumer confidence index plunging into negative territory in April, as it fell from 1.2 points in March to minus 9.6 points.