Colombia's retail sales shrank 2.8 percent year-on-year in December of 2020, following a 4.1 percent rise in the prior month. In December, 10 out of 19 major retail categories recorded decreases, mostly footwear & leather goods (-23.6 percent); clothing & textiles (-16.2 percent); other motor vehicles and motorcycles (-11.5 percent) and sound, video equipment and apparatus (-8.3 percent). In 2020, retail activity declined 7.8 percent. On a monthly basis, retail sales jumped 14.4 percent, after a downwardly revised 6.3 percent rise in the prior month. source: Dane, Colombia
Retail Sales YoY in Colombia averaged 4.56 percent from 2000 until 2020, reaching an all time high of 23.37 percent in April of 2011 and a record low of -43 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 March of 2021.
Retail Sales YoY in Colombia is expected to be -3.50 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 6.00 in 12 months time. In the long-term, the Colombia Retail Sales YoY is projected to trend around 4.90 percent in 2022, according to our econometric models.