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Economy

Colombia says February retail sales climb 13.2%

by Newswires April 20, 2011

Colombia economy - shopping

Colombia’s retail sales and industrial output rose in February.

Retail sales increased 13.2% in February from a year earlier while industrial output climbed 2.4%, the government’s statistics agency, known as DANE, said Tuesday.

The retail sales figure is in stark contrast to 2010, when retail sales rose 12.8% and were seen as a driving force of Colombia’s economic expansion. Industrial output in 2010 rose 4.7%.

The Colombian central bank has pointed to strong consumer demand and private consumption as the backbone of the country’s economic growth last year.

(Darcy Crowe, Dow Jones)

DANEgrowthretail

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