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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 confidence.

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…

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 reached…

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…

Retail sales recorded growth above the national rate, driven mainly by sales of new vehicles. Likewise, sales of food, beverages, and technology products increased, boosted by higher consumption associated with the FIFA World Cup. Meanwhile, confidence indicators showed mixed results: while…

Trade continued to grow, supported by household consumption, particularly purchases of vehicles and other durable goods. Higher spending on cultural and entertainment goods related to the FIFA World Cup also contributed. However, election days partially moderated purchasing decisions.

The value of coffee exports decreased significantly. This was associated with a decline in the international price, together with lower volumes shipped abroad. The lower volume of coffee exports would be related to greater inventory accumulation while awaiting more favorable prices, as coffee…

Retail trade continued to grow, driven by higher sales of durable and semi-durable goods, particularly automobiles, motorcycles, and televisions. In particular, discounts associated with the FIFA World Cup drove television purchases. Likewise, traders and consumers showed greater confidence and…

Retail sales in Antioquia accelerated their growth and recorded a variation above that observed in the national aggregate. This performance was driven mainly by the increase in durable goods, particularly vehicles, amid greater inventory availability and commercial strategies. Likewise, trade…

Oil production in the Southeast region continued to decline, mainly due to the natural depletion of fields in Casanare and various factors associated with local labor contracting, union activity, and the availability of suppliers in fields in Meta. On the other hand, the Rubiales and Akacías fields…

Manufacturing growth accelerated, driven by domestic and external demand. In Valle del Cauca, production in the chemical, metallurgical, and food industries increased, while textiles, apparel, and paper declined.

The Sustainability Report presents topics related to corporate governance and institutional performance of Banco de la República regarding economic, social and environmental issues. This report intends to strengthen the efforts made by the Central Bank on transparency and accountability addressed…

The construction of coincident indexes for the economic activity of a country is a common practice since the fifties. The methodologies vary from heuristic methods to probabilistic or statistical ones. In this paper, we present a new procedure for estimating a coincident index of the state of the…

According to the Economic Activity - Balance of Payments.  In millions of U.S. dollars, annualy since 1994 & quarterly since 1996

In the third quarter of 2023, economic activity in the Coffee Region continued to decline annually, given the persistent weakness of demand due to high prices, high interest rates, and reduced  spending capacity. Industrial production and sales decreased, as well as in vehicle and motorcycle…

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…

The Caribbean region’s economy continued to decelerate in the third quarter, with annual declines in several economic indicators primarily due to weakening demand and the lingering statistical effect of a high comparison base. In terms of activity, industrial production contracted, hindered by high…

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…

The economy in the Northwestern region slowed sharply in the third quarter of 2023. Higher interest rates, persistent inflation, and uncertainty contributed to the weakening of aggregate demand. On the one hand, industry and commerce experienced their most significant falls since the beginning of…

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…