Colombia | Consumption is the protagonist

Summary

The economy is recovering strongly, as confirmed by both third quarter growth data and our real-time indicators as of the third week of November. The protagonist of this recovery is both private and public consumption.

Key points

• Key points:
• The economy grew by 13.2% in annual terms and by 5.7% with respect to the second quarter.
• The protagonism of total consumption in the third quarter stands out as it grew by 20% year-on-year, with very similar figures for private consumption (20.2%) and public consumption (19.1%).
• Investment in machinery and equipment was good, investment in housing was fair and investment in non-residential buildings and civil works was poor.
• Private consumption continued to play a leading role in the fourth quarter in both goods and services.

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