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%.
The National Administrative Department of Statistics (Dane) reported that Colombia's January 2026 Economic Tracking Indicator (ISE) reached 1.55%, adjusted for calendar effects to 1.45%. This marks a slowdown from January 2025's 2.0% and falls below the historical average of 3.5%. Primary activities (agriculture, mining, and hydrocarbons) declined by -2.4%, and secondary activities (manufacturing and construction) by -1.0%. In contrast, tertiary activities grew 2.7%, driven by public administration, health, and recreation (4.5%), electricity, gas, and water supply (3.1%), and commerce, transport, and accommodation (2.6%).. Colombia's National Association of Entrepreneurs (Andi) highlighted a 'structural weakening' of the economy, with public spending as the main driver. Andi president Bruce Mac Master stated: «The challenge for this year is to recover dynamism in the main productive sectors, such as mining, hydrocarbons, construction, or industry».. Mac Master added that exogenous factors must be managed, but the Government needs to send «signals of confidence to guarantee conditions that allow reactivating investment, production, and confidence».. In manufacturing, the -1% drop aligns with Dane surveys showing negative balances in production (-0.5%) and sales (-0.7%). For mining, drilling rig activity in December 2025 fell seven units from the 117 peak in December 2023, with stable projections for Q1 2026..
