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DiGiX aims to capture the global evolution of digitization by monitoring this pheonomenon across 98 countries. Our index combines 24 variables grouped in six dimensions that represent three pillars: supply (infrastructure and costs), demand (users, government and enterprise adoption), and institutional environment.

July national inflation was, as expected, the lowest of the year (4.0% m/m, 263.4% y/y). It was in line with market forecasts (BBVA: 4.1% m/m, Central Bank consensus: 3.9% m/m), although slightly above the Central Bank's forecast (3.7% m/m).

By components, spending on goods fell (-)1.4%, while spending on services fell (-)1.0%; the slowdown in retail sales is consistent with the lower dynamism that formal employment has shown in recent months, given the deceleration in the industri…

The indebtedness of the private sector remains below that of peer countries, though signs of deterioration in NPL ratios started to be seen. Banks’ FC liquid assets are solid enough to cover their ST external debt. FC credit evolution and swap …

There is still no clear indication of a severe slowdown in the labor market, though it has weakened more than it initially appears. The slower rate of job creation, coupled with frequent downward adjustments to monthly employment figures, sugge…

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Our most recent publications

Formal employment grew by 2.0% year-on-year in July, similar to the previous month but 0.2 percentage points below the forecast. A moderate improvement is expected in the coming months. Permanent employment has shown resilience, with 322 thousand new positions this year.

In Q2 2024, fixed investment in Colombia grew by 4.3% year-on-year, breaking a streak of five consecutive quarters of contraction and indicating that it is gradually beginning to recover its role as a key driver in the economy.

The weekly growth of FX-adjusted credits continued to decelerate on the 3rd week of August from 0.1% to 0.05% due to consumer credits credits of both public and private banks.

Wealth stagnation may be influencing consumption and investment decisions. The recovery of prices in the real estate sector will help to improve the trend. However, the concentration of wealth in housing has negative externalities.

Credit to the non-financial private sector accelerated in June (7.5% in real terms) hand in hand with corporate credit. On the deposits side, the increase in demand deposits and the exchange rate depreciation supported the stabilization of trad…

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