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Q2 Annual GDP Data Remains Strong, Rises Above Estimates

COLOMBIA
  • Colombia Q2 NSA GDP Rose 12.6% Y/y; Est. 12.1% (BBG)
  • National statistics agency announced second quarter growth data in Bogota.
    • Q2 GDP rose 1.5% q/q; est. 1.8%
    • Agriculture +1% y/y
    • Mining was unchanged y/y
    • Manufacturing +20.3% y/y
    • Utilities +7.2% y/y
    • Construction +9.4% y/y
  • Despite the June economic activity data falling to 8.5% vs 9.2% median surveyed estimate, it is worth noting that the prior figure of 16.5% in May was revised up to 17.2%.
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  • Colombia Q2 NSA GDP Rose 12.6% Y/y; Est. 12.1% (BBG)
  • National statistics agency announced second quarter growth data in Bogota.
    • Q2 GDP rose 1.5% q/q; est. 1.8%
    • Agriculture +1% y/y
    • Mining was unchanged y/y
    • Manufacturing +20.3% y/y
    • Utilities +7.2% y/y
    • Construction +9.4% y/y
  • Despite the June economic activity data falling to 8.5% vs 9.2% median surveyed estimate, it is worth noting that the prior figure of 16.5% in May was revised up to 17.2%.