Economy

Industrial production and retail trade sales gave further signs of a slowdown in the economyAccording to the data to November presented yesterday by the Dane. Retail trade sales increased 1.7 percent in the eleventh month of the year, which contrasts with the increase of 11.8 percent in the whole of the 11 consecutive months.Meanwhile, industrial production grew in that month 4.5 percent below the 11.8 percent that it had grown in the accumulated once months.By December, according to Fenalco's Monthly Log, businessmen reduced their profits or lost money.71 percent of those surveyed saw their sales decrease or increase in similar…

To start, according to Runt figures and Andemos calculations, in December 2022, 21,914 new vehicles were registered in Colombiathis is 13.4 percent less than during the same month in 2021 and the lowest figure in the last 12 years.Despite this data, 2022 closed with 262,595 new units, an increase of 4.8 percent compared to the accumulated figure of 2021 when 250,497 zero-kilometer vehicles were registered in the country. For those who are planning to buy a car in 2023, one of the keys to consider should be the interest rates that banks offer.Initially, One of the banks that has one…

The National Planning Department (DNP) reported that the increase in cadastral appraisals for urban properties not formed and not updated in the 2022 term, will be 4.31 percent and for rural properties not formed and not updated in the term 2022, 3 percent. This increase also is slightly above the inflation target and the adjustment was made in accordance with the law and in view of the sharp increase in the consumer price index.Jorge Iván González, the director of the DNP said that since the issuance of the law that determined the annual increase in cadastral appraisals, their readjustment for…

The Minister of Transportation, Guillermo Reyes, designed the resolution that makes the temporary suspension of the El Bordo tolllocated on the Mojarras-Popayán road, as a result of the landslide that occurred last week at the height of the municipality of Rosas.This charge will not be made until the passability conditions that allow communication between the departments of Cauca and Nariño are provided. (Also read: Concessions that raised tolls should lower them: there will be no refund) Once the traffic of vehicles through this route is recovered, Invías must issue a communication to the Ministry of Transportation, in advance of no…