Orozco-Gallo, Antonio José
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- Publicación |Economic news contains qualitative and forward-looking information that traditional data cannot capture. The sentiment and uncertainty indices synthesize this information and translate it into useful signals to enhance the analysis of short-term dynamics and turning points in economic activity.
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The increase in the number of employed people and the constant flow of remittances strengthened households’ disposable income, supporting more dynamic private consumption, particularly in domestic trade, vehicle purchases, and the demand for accommodation services and durable goods.
- Publicación |Looking ahead, monitoring financial stability, macroeconomic (dis)equilibria, and the space for active economic policy—with inflation close to the target and sustainable public finances—are necessary conditions to successfully face future adverse shocks.
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Higher household consumption of durable goods boosted retail sales within the context of improved business confidence. At the same time, the dynamism of sporting events, concerts, and festivals stimulated demand for tourism services, particularly from foreign visitors.
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Commerce strengthened, driven by a rebound in sales of cultural items, entertainment, and new vehicles and motorcycles, amid improved commercial confidence. The financial system supported this momentum with increased lending, particularly to the business sector.
