The economy of Colombia shrank 7.3 percent year-on-year in September of 2020, following a downwardly revised 10.4 percent decline in the previous month. It was the softest contraction in economic activity since March, as the economy gradually recovers from the pandemic shock. The services sector contracted 5.4 percent, less than a 9.5 percent slump in August. Also, industrial activities declined 12.9 percent, following a 14.8 percent contraction. Meanwhile, primary activities decreased 9.1 percent, faster than an 8.2 percent fall in the previous month. On a monthly basis, economic activity advanced 3.4 percent, after a downwardly revised 1.1 percent fall in August. source: Dane, Colombia
Leading Economic Index in Colombia averaged 3.57 percent from 2001 until 2020, reaching an all time high of 9.10 percent in August of 2011 and a record low of -20.50 percent in April of 2020. This page provides - Chile Leading Composite Index - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Leading Economic Index - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Leading Economic Index in Colombia is expected to be -5.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Colombia to stand at 4.50 in 12 months time. In the long-term, the Colombia Leading Economic Index is projected to trend around 3.90 percent in 2021 and 3.60 percent in 2022, according to our econometric models.