Colombia's coffee production fell 15% year-on-year in October to 1.15 million 60-kilo bags, due to less sales amid sanitary measures to prevent the spread of the coronavirus, the National Federation of Coffee Growers reported on Thursday. Coffee exports from the country, the world's leading producer of washed arabica, fell 14% to 1.04 million bags.
Consumer prices in Colombia fell 0.06% in October, below market expectations, mainly due to a contraction in the prices of education and food, the government reported on Thursday. The variation in October contrasts with an increase of 0.16% in the same month last year, as well as with a rise of 0.32% in September. The main reductions were registered in the education sectors with 2.48%, food and non-alcoholic beverages with 0.32%, clothing, as well as information and communications with 0.13% and accommodation and public services with 0.06%, according to DANE.
The seasonally-adjusted Davivienda manufacturing Purchasing Managers’ Index (PMI) came in at 51.7 in October, up from September’s 50.4—the best result since July. As a result, the PMI climbed further above the 50-threshold, an improvement in the operating conditions of the manufacturing sector. October’s result was driven by stronger output growth on the back of renewed stock-piling and businesses reopening as well as by a rebound in in new orders amid the relaxation of Covid-19 associated restrictions.
During the period of economic reactivation, the number of housing loans increased by 198%. Between April and August. overall credit operations rose by 59%, one million operations in April to 1.6 million at the end of the august, estimated Datacrédito Experian in its report 'Credit Indicators in Colombia'.
The net profit of the Colombian power company Celsia fell 78.1% in the third quarter to $18.1 million dollars compared to the same period last year, due to a lower demand for energy during the pandemic and reductions in energy prices. This result contrasted with that of the second quarter, when profits rose 123.4%. Celsia's operating income decreased by 16.8% between July and September to $ 215.1, compared to the same period in 2019.
The new mobile oeprator in Colombia Wom presented its brand identity yesterday. it announced investments of $ 1 billion and plans to start its commercial operation during the first semester of 2021. The brand intends to employ 2,500.