After a monthly slowdown in July (-0.3%), the Colombian economy recovered in August.
The Colombian economy grew 8.6% year-on-year in the eighth month of the year and registered a monthly increase of 1.4%, according to DANE’s Economic Surveillance Indicator (ISE).
According to the statistics agency, the three main economic sectors contributed the most to the growth of the Colombian economy in the month of August.
Trade, Transport, Accommodation and Food Services at 1.6 percentage points (PPS), followed by Arts, Entertainment and Other Services (1.3 PPS) and Public Administration and Defence, Education and Health (1.2 PPS).
These three main items contributed 4.1 percentage points to the total change in the economy in August (8.6 percent).
According to DANE, monthly growth in the Colombian economy in August is the third strongest in 2022, with April the best performer at 2%, followed by February at 1.6% and August at 1.4% higher.
