Colombia's retail sales declined 26.8 percent over a year earlier in May 2020, after plunging a record 42.9 percent in the previous month and compared with market consensus of a 25.8 percent slump. It was the third consecutive drop in retail trade, amid the COVID-19 pandemic. In May, 15 out of 19 major retail categories posted decreases, namely fuels (-37.7 percent); automotive vehicles & motorcycles (-57.1 percent); other automotive vehicles & motorcycles (-57.7 percent); clothing & textiles (-73.1 percent); spare parts, accessories and lubricants for vehicles (-45.2 percent); footwear & leather goods (-82.8 percent); and hardware items, glass & paints (-31.8 percent). On a monthly basis, retail trade climbed a record 35 percent, recovering from a downwardly revised 42.3 percent slump in the prior month.

Retail Sales YoY in Colombia averaged 4.86 percent from 2000 until 2020, reaching an all time high of 23.37 percent in April of 2011 and a record low of -42.90 percent in April of 2020. This page provides the latest reported value for - Colombia Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Colombia Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Dane, Colombia

Retail Sales YoY in Colombia is expected to be -2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Colombia to stand at 3.80 in 12 months time. In the long-term, the Colombia Retail Sales YoY is projected to trend around 4.30 percent in 2021, according to our econometric models.

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Colombia Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
-26.80 -42.90 23.37 -42.90 2000 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-04-15 03:00 PM Feb 13.2% 7.5% 7.1% 6.8%
2020-05-14 03:00 PM Mar -4.8% 13.2% -8.6% -7%
2020-06-12 03:00 PM Apr -42.9% -4.8% -30% -28%
2020-07-15 03:00 PM May -26.8% -42.9% -25.8% -32%
2020-08-13 03:00 PM Jun -26.8% -13%
2020-09-14 03:00 PM Jul
2020-10-15 03:00 PM Aug
2020-11-13 03:00 PM Sep -2%


News Stream
Colombia Retail Sales Drop More than Expected in May
Colombia's retail sales declined 26.8 percent over a year earlier in May 2020, after plunging a record 42.9 percent in the previous month and compared with market consensus of a 25.8 percent slump. It was the third consecutive drop in retail trade, amid the COVID-19 pandemic. In May, 15 out of 19 major retail categories posted decreases, namely fuels (-37.7 percent); automotive vehicles & motorcycles (-57.1 percent); other automotive vehicles & motorcycles (-57.7 percent); clothing & textiles (-73.1 percent); spare parts, accessories and lubricants for vehicles (-45.2 percent); footwear & leather goods (-82.8 percent); and hardware items, glass & paints (-31.8 percent). On a monthly basis, retail trade climbed a record 35 percent, recovering from a downwardly revised 42.3 percent slump in the prior month.
2020-07-15
Colombia Retail Sales Drop the Most on Record
Colombia's retail sales slumped 42.9 percent over a year earlier in April 2020, following a 4.8 percent drop in the previous month and compared with market forecasts of a 30 percent plunge. It was the biggest decline in retail trade on record, amid lockdowns and business closures due to the coronavirus pandemic. In April, 17 out of 19 major retail categories posted decreases, in particular fuels (-54.1 percent); automotive vehicles & motorcycles (-94.4 percent); other automotive vehicles & motorcycles (-86.1 percent); spare parts, accessories and lubricants for vehicles (-70.5 percent); clothing & textiles (-87.4 percent); hardware items, glass & paints (-71.2 percent); home appliances & furniture (-52.4 percent); and footwear & leather goods (-90.7 percent). On a monthly basis, retail trade plunged a record 42.5 percent, after falling a downwardly revised 7.7 percent in the prior month.
2020-06-12
Colombia Retail Sales Fall the Most in Over 3 Years
Colombia's retail sales declined 4.8 percent over a year earlier in March 2020, after jumping 13.2 percent in the previous month and compared with market consensus of an 8.6 percent fall. It was the biggest drop in retail trade since February 2017, amid business closures and lockdowns due to the coronavirus pandemic. In March, 14 out of 19 major retail categories posted declines, namely fuels (-17.1 percent); automotive vehicles & motorcycles (-30.5 percent); clothing & textiles (-45.1 percent); spare parts, accessories and lubricants for vehicles (-21 percent); hardware items, glass & paints (-26.4 percent); and footwear & leather goods (-43.8 percent). On a monthly basis, retail trade went down 7.7 percent, after increasing an upwardly revised 1.8 percent. Considering the first quarter of the year, retail sales advanced 5 percent compared to the same period of 2019.
2020-05-14
Colombia Retail Sales Rise the Most in Nearly 9 Years
Colombia's retail sales went up 13.2 percent year-on-year in February 2020, following a 7.5 percent gain in the previous month and beating market expectations of a 7.1 percent increase. It was the biggest rise in retail trade since April 2011, as all of the major categories posted gains, in particular food (11.9 percent); other vehicles (26 percent); fuels (7.6 percent); automotive vehicles & motorcycles (16.6 percent); computer and telecommunications equipment for personal or domestic use (28.7 percent); and home appliances, furniture (24.5 percent). On a monthly basis, retail sales rose 1.7 percent, rebounding from a 26.1 percent decline in the prior month.
2020-04-15

Colombia Retail Sales YoY
In Colombia, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago.