Regional Economic Bulletin

The agricultural and livestock output declined due to reduced planted areas and excessive rainfall in some zones, although an increase was observed in processed palm fruit. Livestock activity expanded due to stronger demand for cattle, while pig production contracted due to lower animal supply…

Agricultural production showed positive results, with rice and palm oil production standing out, favored by abundant rainfall, as well as cassava and plantain production. At the same time, cattle and pig slaughter in the region increased, driven by higher consumption of animal protein.

Retail trade recorded a rise, driven by increased household spending and supported by higher flows in remittances, improved access to credit, and greater consumer confidence. Vehicle sales contributed to the increase, boosted by lower interest rates, the launch of new models, and favorable…

Domestic trade continued to show dynamic performance, surpassing the national average. Household consumption was driven by sales of food and beverages, information technology equipment, and vehicles. Likewise, demand for cultural and entertainment items, consumer imports, and new housing sales…

Retail trade in Antioquia recorded its highest annual growth in three years, driven by lower interest rates, the opening of new sales points, and increased customer traffic. The information technology, communications, and auto parts segments stood out. In turn, vehicle and motorcycle sales…

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.

The increase in employment, together with higher income from coffee-related activities and a greater flow of remittances, boosted household spending. This consumption dynamism was particularly reflected in the demand for durable goods, which, in turn, supported imports of this type of consumer…

Real retail sales grew in the region, surpassing the national average. This performance was driven by increased household spending, lower unemployment, and effective marketing campaigns. Household consumption dynamism and improved financing conditions strengthened businesses and consumer…

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.

Retail sales in Antioquia continued to rise, exceeding the national average. This result was associated with discounts, increased tourism, and more favorable financing conditions, among other factors. The strongest retail segments included automobiles, motorcycles, computer equipment, and…

Retail sales in Santander grew, with vehicles, food, computer equipment, and entertainment standing out. Promotions and discounts boosted consumption. Imports of consumer goods, mainly durable goods, also increased.

Retail sales slowed down due to a slower growth rate in the sale of vehicles and motorcycles, consistent with a fall in consumer credit. However, sales of food and beverages, as well as computer and communications equipment, led the positive retail performance.

Agricultural activity expanded due to higher oil palm production, supported by rainfall levels that reduced water stress and favored the development of crops. The livestock segment also grew, driven by an increase in cattle and pig slaughtering, in response to stronger household consumption.

Agricultural production increased due to favorable weather conditions and strong demand. Cattle and pig farming also showed improved performance. Additionally, the food processing industry expanded, particularly coffee hulling, due to the abundant supply of raw materials.

The increase in retail sales was associated with greater demand, especially for food and beverages, and new vehicles. Improved retail confidence and lower interest rates contributed to this outcome.

The southwestern economy deteriorated in the third quarter of 2023 vis-a-vis the same period of the previous year, as reflected in the different sectoral leading indicators available. The primary drivers behind the economic contraction were lower domestic demand (adversely affected by high…

The southeastern economy showed a fall in the annual comparative in most of its activities during the third quarter of 2023. There were declines in construction activity indicators such as approved and in-process areas, new housing sales, and gray cement shipments. In the livestock sector, there…

In the third quarter, the Bogotá region (Bogotá and Cundinamarca) continued to show a low performance in the annual comparative due to the weakening of domestic demand, persistent inflation, and high financial costs. Industry and commerce contracted due to the high annual comparison basis, the…

In the third quarter, the Central Region’s economy declined in its annual comparative due to a deterioration in demand and high interest rates. Industry saw a deepened decline from previous months due to lower sales, while agricultural production, passenger transportation, and construction all…

In the third quarter, the northeastern economy exhibited a further slowdown in annual growth due to an adjustment in domestic demand, in a context of high interest rates and inflation. There were decreases in retail sales, hotel occupancy, and energy consumption. The variables related to…