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COLOMBIA: December Trade, Retail Sales, IP Due, Finance Minister Guevara Speaks

COLOMBIA
  • Activity indicators for December will be released at 1500GMT(1000ET), including trade, retail sales and industrial production. Retail sales growth is seen moderating to a still strong 8.8% y/y, but IP growth is expected to remain in negative territory (-1.1% y/y) as the manufacturing sector remains under pressure. Q4 GDP figures will be published on Monday.
    • Dec. Trade Balance, est. -$900m, prior -$1.38b
    • Dec. Retail Sales YoY, est. 8.8%, prior 10.4%
    • Dec. Manufacturing Production YoY, est. 0.6%, prior -0.8%
    • Dec. Industrial Production YoY, est. -1.1%, prior -2.1%
  • Separately, Finance Minister Diego Guevara will participate in the Treasury Congress in Cartagena today. He is scheduled to speak at 1300GMT(0800ET). At the same event yesterday, BanRep Governor Villar continued to sound cautious about the inflation outlook, noting that the US tariff policy may increase inflation risks this year. He also sounded more constructive about growth, which he said had slowed less than expected, as he noted some signs of improvement in credit indicators.
  • In other news, the government has said it will launch a set of talks with Peru to boost bilateral relations, following a recent feud, with both countries pledging to reappoint ambassadors to each other.
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  • Activity indicators for December will be released at 1500GMT(1000ET), including trade, retail sales and industrial production. Retail sales growth is seen moderating to a still strong 8.8% y/y, but IP growth is expected to remain in negative territory (-1.1% y/y) as the manufacturing sector remains under pressure. Q4 GDP figures will be published on Monday.
    • Dec. Trade Balance, est. -$900m, prior -$1.38b
    • Dec. Retail Sales YoY, est. 8.8%, prior 10.4%
    • Dec. Manufacturing Production YoY, est. 0.6%, prior -0.8%
    • Dec. Industrial Production YoY, est. -1.1%, prior -2.1%
  • Separately, Finance Minister Diego Guevara will participate in the Treasury Congress in Cartagena today. He is scheduled to speak at 1300GMT(0800ET). At the same event yesterday, BanRep Governor Villar continued to sound cautious about the inflation outlook, noting that the US tariff policy may increase inflation risks this year. He also sounded more constructive about growth, which he said had slowed less than expected, as he noted some signs of improvement in credit indicators.
  • In other news, the government has said it will launch a set of talks with Peru to boost bilateral relations, following a recent feud, with both countries pledging to reappoint ambassadors to each other.