economy and politics

ABC of the falls in industry and commerce that are now one year old

Trade

The industry and commerce complete, as of February, a year with poor resultsaccording to the reports provided by Dane.

During the last twelve months until February 2024, The real production of the manufacturing industry presented a variation of -5.5%, real sales of -5.0% and employed personnel -1.1%.

(Also: Colombian industry and commerce completed a year in negative territory).

The organization detailed in a bulletin that in February 2024 compared to February 2023, The manufacturing industry sector presented a negative variation of -2.2%almost two points less than the decrease of the previous month.

Of the 39 industrial activities represented by the survey, 30 recorded negative variations in their real productionsubtracting 4.4 percentage points from the total annual variation and 9 subsectors with positive variations together added 2.2 percentage points to the total variation.

Trade

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Among the sectors with the worst performance, according to the report, are Body manufacturing for motor vehicles, trailers (-34.9%), Manufacturing of motor vehicles and their engines (-32.5%), Manufacturing of rubber products (-17.2%) and Manufacture of cocoa, chocolate and confectionery products.

(More: Water rationing in Bogotá: what effect will it have on economic sectors?).

So far this year until February 2024, The real production of the manufacturing industry presented a variation of -3.2%, real sales of -3.3% and employed personnel of -1.1%.

Trade did not do well

Retail merchants, for their part, achieved a -7% variation in sales in the last year, as of February. This result is far from the result of a year ago when it reached 2.2%as indicated by Dane.

(We recommend: Neighborhood stores are leaders in mass consumption, but their indicators are declining).

For its part, in February 2024, retail sales decreased 1.8% compared to those registered in the same month of 2023. Nine lines of merchandise recorded negative annual variations in their real sales and, on the other hand, ten lines of merchandise recorded positive annual variations in their sales. The main negative contributions to the annual variation were presented in the lines of Other motor vehicles and motorcycles, Computer and telecommunications equipment for personal or domestic use and Motor vehicles and motorcycles mainly for household use, contributing together -3.1 points percentages to the total variation of retail trade.

The greatest positive contributions were presented in the sale of Fuels for motor vehicles and Food, contributing together 1.7 percentage points to the total variation.

Trade

Trade.

In the period from January to February 2024 compared to the period from January to February 2023, retail sales decreased 2.9%. In this period, eleven merchandise lines recorded negative variations in their real sales, while the remaining eight (8) lines recorded positive variations.

(You can read: This is what it's like to live in the city known as the 'world capital' of counterfeit products).

The lines with the greatest negative contribution to trade were Other motor vehicles and motorcycles, Motor vehicles and motorcycles mainly for household use, and Clothing and textiles, contributing together -2.5 percentage points (pp), and the The main positive contribution was recorded in the Fuels for motor vehicles line with 0.6 pp

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