Macroeconomic Forecast Colombia

July 2007 | Macroeconomic Forecasts

BMI View: April saw a marked deceleration in both retail sales and industrial production. Industrial production rose by 13.5% y-o-y, which although still a healthy outturn, represented the slowest rate of expansion since December 2006. The slowdown in retail sales growth was even more pronounced: total sales increased by a real 12.4% y-o-y (down from 23.1% y-o-y in March), while total sales excluding automobile sales ticked up by just 8.0% y-o-y (down from 21.5% y-o-y in March). Admittedly, April is a historically disappointing month in terms of economic activity. Even after taking this into consideration, however, the slowdown in these indicators could provide preliminary evidenc

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