Stock Market in Colombia
Colombia - Stock MarketThe economy appears to have picked up last year, thanks to a turnaround in the oil sector. On the demand side, private consumption accelerated on reduced inflationary pressures in the first three quarters, but a marked deterioration in consumer confidence in Q4 signals household spending cooled in the quarter. This is likely due to the recently-approved tax reform bill, which will raise personal income taxes for high-income earners. That said, a weak construction sector and the government’s fiscal consolidation drive restrained growth in overall economic activity. In other news, amid dwindling popularity for President Iván Duque, the government announced that planned reform to the pension system, with the overall aim of reducing social security spending, would not be implemented this year. Instead, more time will be spent assessing its likely impacts.
Colombia - Stock Market Data
|Stock Market (annual variation in %)||-11.2||-11.0||-26.5||18.2||13.6|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||6.67||0.0 %||Feb 14|
|Exchange Rate||3,151||-0.17 %||Feb 14|
|Stock Market||12,002||-0.66 %||Feb 14|
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February 14, 2019
According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 14 February, the industrial sector contracted for the first time in nine months in December.
February 5, 2019
According to the National Department of Administrative Statistics (DANE), exports swung to contraction in December from expansion in the previous month.
February 5, 2019
According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.60% over the previous month in January, following a 0.30% month-on-month upturn in December.
February 1, 2019
Colombia’s manufacturing sector slammed the brakes in January, on the heels of a five-month slump.
January 31, 2019
At its Board of Directors meeting held on 31 January, Colombia’s Central Bank (Banco de la República, BanRep) maintained the benchmark interest rate at 4.25%, where it has been since 27 April when the Bank cut the rate by 25 basis points.