The National Administrative Department of Statistics (Dane) revealed that the Economic Tracking Indicator (ISE) grew 3.1% in November 2025 compared to the same month in 2024, marking 18 consecutive months of positive growth. However, the manufacturing sector showed limited progress with 0.7% production growth, while sales fell 0.4%, and retail commerce rose 7.5%. Overall industrial production varied by 1.7%, driven by electricity supply.
Dane released several economic indicators for November 2025, highlighting moderate growth in Colombia's economy. The ISE recorded a 3.1% increase in its original series compared to November 2024, and 3.05% in the seasonally adjusted series. For the January-to-November cumulative, growth was 2.86%. Tertiary activities drove the advance with 4.22% annual growth, while primary activities fell 0.09% and secondary 0.08% in the original series. Sectors like public administration, defense, education, and entertainment grew 7.9%, and public utilities 5%.In manufacturing, real production rose 0.7%, but real sales fell 0.4%, with employed personnel up 0.9%. Of 39 analyzed activities, only 18 showed positive production variations, contributing 3.2 percentage points, while 21 declined, subtracting 2.5 points. For the annual cumulative, production and sales grew 2.1%, with employment rising 0.5%. Bruce Mac Master, president of Andi, warned that growth is 'heterogeneous and concentrated in a few activities,' with stagnation in oil refining at 0.1%, and contractions in leather goods (-25.9%) and rubber (-21.1%). Dynamic areas included motor vehicles (62.7%) and footwear (15%). Regionally, Valle de Aburrá led with a 2.9% increase.Retail commerce saw real sales grow 7.5% and employment 2.1%, or 9.7% excluding fuels. Key lines like IT and telecommunications equipment contributed 4.2 points. For the year-to-date, sales rose 11.8%. Overall industrial production varied 1.7%, with electricity and gas at 4.7%, mining 2.2%, and water 4.8%; annual cumulative 0.6%. These figures reflect uneven recovery, with concerns over low dynamism in key sectors, according to Andi.
