Colombia Economic Activity Growth Moderates in October

Colombia’s leading economic indicator rose by 1.7% year-on-year in December 2025, following a downwardly revised 2.5% advance in the prior month. This represents the third straight monthly slowdown, with activity at its weakest level since April 2025. Growth in services (2.8%) was outweighed by contractions in both primary (-1.1%) and secondary (1%) activities. On a seasonally adjusted monthly basis, overall economic activity increased by 1.6% in December. Considering the whole year of 2025, Colombian economic activity expanded by 2.7%, up from 1.6% in the year before.

Colombia’s leading economic indicator rose 3.08% year-on-year in November 2025, accelerating from a 2.95% increase in October. Growth was driven by the services sector, which expanded 4.22%, while industrial activity slipped 0.08% and primary activities declined 0.09%. On a seasonally and calendar-adjusted basis, overall economic activity fell 1.08% month-on-month, reversing from a 0.21% gain in the previous month.

Colombia’s leading economic indicator rose 2.95% year-on-year in October 2025, easing from a 4.03% increase in the previous month. Growth was broad-based, led by the services sector, which expanded 3.87%, while industrial activity grew 0.83% and primary activities rose 0.35%. On a seasonally and calendar-adjusted basis, overall economic activity increased 0.21% month-on-month, slowing from a 1.3% gain in September.