Investments and Business

Housing sales in Colombia are falling. According to calculations by the Colombian Chamber of Construction (Camacol), in June 2023, this indicator appeared a fall of 62.1%compared to the same month last year.In total, in the sixth month of the year, 7,678 housing units were sold. (Read more: Home sales in Bogotá contracted 57% in the first quarter) The data shows that in the first six months of the year, 73,265 homes were abandoned. This represents a $13.6 trillion reduction in investment in new housing by households (approximately 1 percentage point of GDP).In the case of the Social Interest Housing segment,…

Marsh, risk consultant and insurance brokerage, published its first study on Risks for Latin American National and Family Companies 2023, which gathers the opinion of 700 business leaders in the region about the risks that concern them most and those that affect them the most after of the pandemic. (You might be interested: The Colombian economy continues to slow down, in May it grew only 0.65% annually) The results of the study found that 49 percent of those surveyed consider changes in the sociopolitical environment to be a risk to their businesses. The widespread fear of not having adequate conditions…

Colombian exports have been declining for six consecutive months. In May, 4,531 million dollars were sold, a decrease of 2.8 percent compared to the figures reported a year ago.What the balance sheet is showing the most since December of last year are the lower sales of coffee and oilwhich weighed approximately 5.3 and 27 percent, respectively, in total Colombian exports during May.(Also read: Colombia lost record mineral exports in the first quarter of 2023) The lower activity in China is hitting the mining-energy sector The lower demand that international markets are registering is due to the high interest rates, higher…

The price of the dollar in Colombia ended the second business day of this week succumbing to the pressures of both internal and external markets which led it to trade below 4,000 pesos and returning to the levels seen in the middle of last year, when the US currency was trading at 3,909 pesos. This upward movement of the peso made the Colombian currency one of the most valued in the world.(Also read: Dollar is already trading at less than 4,000 pesos and maintains its downward behavior) From the first minutes of the session on Tuesday, the US currency began…