The economy of Colombia shrank 4.9 percent year-on-year in March 2020, after expanding a downwardly revised 4.6 percent in the previous month. It was the sharpest contraction in economic activity on record amid the coronavirus crisis. Retail & wholesale trade (-12.7 percent vs 10.2 percent in February); manufacturing (-10.4 percent vs 5.0 percent); mining (-9.9 percent vs 5.3 percent); financial activities (-7.9 percent vs 5 percent); entertainment (-11.6 percent vs 1.5 percent); and professional & scientific activities (-0.4 percent vs 4.6 percent) shrank. In addition, growth slowed in agriculture, forestry & fishing (5.6 percent vs 8.4 percent); information & communications (0.5 percent vs 3 percent); real estate (1.9 percent vs 2.8 percent); public administration & defense (1.5 percent vs 2.9 percent) and utilities (0.3 percent vs 6.5 percent).
Leading Economic Index in Colombia averaged 3.98 percent from 2001 until 2020, reaching an all time high of 9.10 percent in August of 2011 and a record low of -4.90 percent in March 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 June of 2020. source: Dane, Colombia
Leading Economic Index in Colombia is expected to be -1.00 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 2.50 in 12 months time. In the long-term, the Colombia Leading Economic Index is projected to trend around 3.60 percent in 2021, according to our econometric models.