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Economy

Colombia says February retail sales climb 13.2%

by Newswires April 20, 2011
1.2K

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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Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion