Colombia's economic output shrinks 9.5% in July
BOGOTA, Sept 18 (Reuters) - Colombia's economy contracted 9.5% in July, its best performance since March when the country began more than five months of coronavirus lockdown, the government said on Friday.
The lockdown finished at the end of August. Gross domestic product contracted 15.7% during the second quarter because of the quarantine measures.
The figure for July was an improvement on contractions of 20.2%, 16.2% and 11% in April, May and June, respectively, according to figures from the DANE statistics agency.
It was the strongest figure since a 4.1% contraction in March.
The agriculture sector was up by 3.5% in July compared with the same month last year, while real estate and financial activities each grew about 1.6%.
(Reporting by Carlos Vargas Writing by Julia Symmes Cobb; Editing by Tom Brown)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Latest Markets Videos
- Tesla removed from S&P 500 ESG index on autopilot, discrimination concerns
- Fed could cut rates in 2023, 2024 once inflation under control -Bullard
- US STOCKS-Wall Street ends sharply lower as Target and growth stocks sink
- Powell says Fed to 'keep pushing' rates higher until clear inflation is falling