The economy of Colombia shrank 9.6 percent year-on-year in July 2020, following a downwardly revised 11.0 percent decline in the previous month and recovering further from April's all-time low of a 20.2 percent drop amid the easing of coronavirus lockdown restrictions. Industrial activities plunged 12.5 percent, less than a 12.7 percent contraction in June; and the services sector shrank 9.3 percent, following an 11.1 percent slump. Also, primary activities declined 6.4 percent, following a 7.3 percent contraction. On a monthly basis, economic activity expanded 2.6 percent in July, easing from a 5.4 percent growth in June.
Leading Economic Index in Colombia averaged 3.68 percent from 2001 until 2020, reaching an all time high of 9.10 percent in August of 2011 and a record low of -20.20 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 September of 2020. source: Dane, Colombia
Leading Economic Index in Colombia is expected to be -5.00 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 9.50 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.