Retail gross sales in Colombia declined by 3.4% year-on-year in November of 2023, slowing from the 11% contraction within the earlier month. It was the ninth consecutive interval of decline, mirroring the general financial slowdown within the nation, attributed to the Colombian central financial institution’s aggressive rate of interest hikes aimed toward curbing demand. Gross sales fell, ranked by the load of their contribution, for different automotive autos (-12.8%), auto spare components, elements, equipment, and lubricants for autos (-8.2%), {Hardware}, glass, and paint articles (-13.2%), fuels for autos (-2.5%) and Data know-how and telecommunications tools (-6.6%). supply: Dane, Colombia
Retail Gross sales in Colombia decreased 3.40 % in November of 2023 over the identical month within the earlier 12 months. Retail Gross sales YoY in Colombia averaged 5.14 % from 2000 till 2023, reaching an all time excessive of 75.20 % in April of 2021 and a file low of -42.70 % in April of 2020. This web page gives the newest reported worth for – Colombia Retail Gross sales YoY – plus earlier releases, historic excessive and low, short-term forecast and long-term prediction, financial calendar, survey consensus and information. Colombia Retail Gross sales YoY – knowledge, historic chart, forecasts and calendar of releases – was final up to date on January of 2024.
Retail Gross sales in Colombia decreased 3.40 % in November of 2023 over the identical month within the earlier 12 months. Retail Gross sales YoY in Colombia is predicted to be -3.00 % by the tip of this quarter, in line with Buying and selling Economics world macro fashions and analysts expectations. Within the long-term, the Colombia Retail Gross sales YoY is projected to pattern round 2.00 % in 2025, in line with our econometric fashions.
In Colombia, the year-over-year change in Retail gross sales compares the aggregated gross sales of retail items and providers throughout a sure month to the identical month a 12 months in the past.
| Precise | Earlier | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| -3.40 | -11.00 | 75.20 | -42.70 | 2000 – 2023 | % | Month-to-month |
Fixed Costs, NSA |
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