• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Colombian economy fell 0.04% in August, hit by agriculture, mining and industry

FinanceColombiaDiario del Sur35 s readAI summary
Image: Diario del Sur

Colombia's economy contracted 0.04% in August, according to the DANE report cited by the outlet. Primary activities, which group agriculture, livestock, fishing and mines and quarries, fell 3.19% year on year, influenced by coffee income and lower oil output, according to ANDI. Secondary activities, including manufacturing and construction, shrank 3.03%. Services grew 1.10%, not enough to offset the declines. Between January and August the Economic Monitoring Indicator accumulated a 2.27% rise.

In 35 seconds

  • Colombia's economy fell 0.04% in August, with negative figures in agriculture, mining, industry and construction.
  • Primary activities contracted 3.19% year on year; ANDI linked agriculture to coffee income trends and mining to lower oil output.
  • Secondary activities fell 3.03%, according to DANE.
Read the full story at Diario del Sur

IASummary generated by artificial intelligence from a story by Diario del Sur. It may contain errors: the original source prevails.

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