Colombia's retail sales slumped 42.9 percent over a year earlier in April 2020, following a 4.8 percent drop in the previous month and compared with market forecasts of a 30 percent plunge. It was the biggest decline in retail trade on record, amid lockdowns and business closures due to the coronavirus pandemic. In April, 17 out of 19 major retail categories posted decreases, in particular fuels (-54.1 percent); automotive vehicles & motorcycles (-94.4 percent); other automotive vehicles & motorcycles (-86.1 percent); spare parts, accessories and lubricants for vehicles (-70.5 percent); clothing & textiles (-87.4 percent); hardware items, glass & paints (-71.2 percent); home appliances & furniture (-52.4 percent); and footwear & leather goods (-90.7 percent). On a monthly basis, retail trade plunged a record 42.5 percent, after falling a downwardly revised 7.7 percent in the prior month.
Retail Sales YoY in Colombia averaged 4.99 percent from 2000 until 2020, reaching an all time high of 23.37 percent in April of 2011 and a record low of -42.90 percent in April of 2020. This page provides the latest reported value for - Colombia Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Colombia Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Dane, Colombia
Retail Sales YoY in Colombia is expected to be -2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Colombia to stand at 3.80 in 12 months time. In the long-term, the Colombia Retail Sales YoY is projected to trend around 4.30 percent in 2021, according to our econometric models.