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Second Quarter GDP Data, BanRep Economist Survey

COLOMBIA
  • Economic growth data for the second quarter will be published today, where the surveyed median estimate expects an increase of 0.4% compared to the previous year and -0.3% compared to the first quarter, which would be the first quarterly decline since 2021. June economic activity data will accompany the data. Trade balance figures will also be released.
    • 1600BST/1100ET: June trade balance; est. -$700m, previous -$599m
    • 1600BST/1100ET: Imports June; est. $4,948m, previous $5,419m
    • 1700BST/1200ET: Q2 GDP QoQ, est. -0.3%, prior 1.4%; YoY, est. 0.4%, prior 3.0%
    • 1700BST/1200ET: June Economic Activity NSA YoY, est. 0.5%, prior 0.7%
    • BanRep Economist survey
  • Today’s data comes following a disappointing set of economic figures on Monday. As a reminder, retail sales fell 11.9% Y/y in June, while manufacturing production contracted 4.8%, both below median surveyed expectations. Separately, Finance Minister, Ricardo Bonilla, attends a political control debate in the fourth committee of the Lower House to discuss the increase of gasoline prices.

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