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COLOMBIA: July Exports Due, Finance Minister Bonilla Appears Before Congress

COLOMBIA
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  • Data released late yesterday revealed that the current account deficit narrowed by more than expected to $1.63bn in Q2, from an upwardly revised $2.286bn deficit in Q1. Consensus for Q2 was $2.113bn. As a percentage of GDP, the deficit narrowed to 1.9% of GDP on a four-quarter rolling basis, its smallest since Q4 2009, from 2.2% in Q1.
  • Today, export data for July will be released at 1600BST(1100ET), with analysts looking for shipments to rise to $4.4bn, from $3.822bn in June. Exports fell by 5.0% y/y in June, as weakness in coal shipments weighed.
    • July Exports FOB, est. $4.4b, prior $3.82b
  • Meanwhile, on the political front, Finance Minister Bonilla is set to appear before Congress from 1600BST(1100ET) today to discuss the government’s 2025 budget.
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  • Data released late yesterday revealed that the current account deficit narrowed by more than expected to $1.63bn in Q2, from an upwardly revised $2.286bn deficit in Q1. Consensus for Q2 was $2.113bn. As a percentage of GDP, the deficit narrowed to 1.9% of GDP on a four-quarter rolling basis, its smallest since Q4 2009, from 2.2% in Q1.
  • Today, export data for July will be released at 1600BST(1100ET), with analysts looking for shipments to rise to $4.4bn, from $3.822bn in June. Exports fell by 5.0% y/y in June, as weakness in coal shipments weighed.
    • July Exports FOB, est. $4.4b, prior $3.82b
  • Meanwhile, on the political front, Finance Minister Bonilla is set to appear before Congress from 1600BST(1100ET) today to discuss the government’s 2025 budget.