Colombia's February 2026 ISE grows 1.65%, second month below 2%

In the latest update in Colombia's Monthly ISE Reports series, the Indicador de Seguimiento a la Economía (ISE) for February 2026 grew 1.65%, according to Dane—marking the second consecutive month below 2%, following January's 1.55%. Tertiary activities led with 2.55% growth, offsetting a 2.08% drop in primary sectors.

Dane's data confirms Colombia's ISE for February 2026 at 1.65% growth, a slowdown from prior months and the second straight below 2%—a level last seen in early 2025. This continues the trend from January's 1.55%, highlighting ongoing economic softening.

Tertiary activities, which have driven growth since late 2024, rose 2.55%, led by administration and public defense (3.4%), electricity and gas supply (2.0%), and real estate (1.7%). Financial activities grew 1.4%, professional services 1.3%, though information and communications fell 0.2%. Secondary sectors edged up 0.40%, buoyed by manufacturing.

Primary activities—agriculture, livestock, forestry, fishing, and mining—dropped 2.08%. Monthly, the ISE index hit 127.06, up 0.54% from January's 126.38. Year-to-date through February, growth stands at 1.54% versus 2025.

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Colombia's economy grew 3.1% in November 2025 according to Dane

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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.

Colombia's January 2026 ISE grew by 1.55%, dipping below 2% for the first time in 11 months. Andi warned that public spending remains the main driver, while productive sectors like mining and industry deteriorate. Tertiary activities led growth at 2.7%.

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Colombia's manufacturing production rose 1.4% in February 2026 compared to the previous year, but real sales fell 2.5%, according to Dane data. Andi president Bruce Mac Master said the figures show stagnation and that the sector has yet to take off. Employed personnel dropped 0.4%.

Dane reported that Colombia's annual inflation for March 2026 reached 5.56%, up from 5.29% in February. This is the highest rate since September 2024 at 5.81%. Year-to-date inflation for the first quarter stood at 3.07%.

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Colombia's January inflation hit 1.18% monthly, exceeding historical averages and highlighting the broad impact of the minimum wage increase on the IPC basket. The services component drove the uptick, with an annual variation of 6.33%. This breaks two months of moderation, pushing annual inflation to 5.35%.

The volume of retail sales in Brazil rose 0.4% in January 2026 compared to December 2025, according to data released by the Brazilian Institute of Geography and Statistics (IBGE) on Wednesday (March 11). Over the past 12 months, growth stood at 1.6%. The survey highlights gains in sectors like pharmaceuticals and clothing, but declines in office equipment and fuels.

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DANE reported a 10.9% unemployment rate for January 2026, the lowest in recent history for a first month of the year, despite a 23% minimum wage increase. Informality dropped to 55%, and the employed population grew by 324,000 people. Yet, these official figures are sparking political polarization.

 

 

 

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