The Colombian economy continues to lose traction as the year progresses. in mayonnaise, according to the Economic Monitoring Index (ISE), the economic dynamics of the country was only 0.65 percent per year in its original series, highlights this Tuesday the National Administrative Department of Statistics (Dane). in his series
adjusted for seasonal and calendar effects, growth in that fifth month of the year was 0.56 percent compared to May 2022, the entity said.
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Only last May the ISE, in its series adjusted for seasonal and calendar effects,
a variation of 0.88 percent, compared to the previous month of the same year, while For the first five months of this year, said indicator in its original series increased a growth of 1.68 percent, compared to the same period in 2022.
The Dane said that between January and May of last year the ISE increased a growth of 10.31 percent.
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Dane’s statistics show that, although the dynamics of the economy is still in positive territory, the slowdown is increasingly evident in all its activities.
For example, the annual growth of primary activities, these include agriculture, livestock, hunting, forestry and fishing; and extraction from mines and quarries, was 1.26 percent annually until last May and 1.11 percent if compared to April 2023.
The Dane also reported that secondary activities registered less dynamics along with tertiary ones in the same period of analysis. Thus, the secondary ones grew 0.58 percent annually and 2.64 percent monthly in the fifth month of 2023. These activities group the manufacturing industries; and construction.
For their part, tertiary activities, which include, among others, the supply of electricity, gas, steam and air conditioning; water distribution; evacuation and treatment of residual waters, waste management and environmental sanitation activities; Wholesale and Retail; repair of motor vehicles and motorcycles; transport and storage; lodging and food services; information and communications; financial and insurance activities, and real estate activities, reported an annual variation of 0.56 percent and a monthly variation of 1.26 percent, when compared to April of the same year.
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