Colombia’s industrial production and retail sales fell by 10% and 17% in August

The industrial production and retail sales in Colombia accentuated their fall in August with respect to July, in an economy hit by the semiparálisis that provoked the measures of cuarentena to contain the expansion of the coronavirus contention, reveal the brief figures of the Gobierno. Industrial production fell 10.3% year-on-year in August, higher than the 8.5% in July, according to the National Department of Statistics ( DANE). Retail sales fell 17.1% year-on-year in August, higher than the drop of 12.4% in July when sales were lifted by a day without VAT. August was the last month in which Colombia remained in an obligatory confinement to contain the coronavirus.

Source: Reuters