Economic policy uncertainty index stands at 252 points in March

Fedesarrollo reported that its Economic Policy Uncertainty Index (Ipec) stood at 252 points in March, a drop of 46 points from February. The figure marks 90 consecutive months above the historical average observed from 2000 to 2019.

The index, which tracks economic policy uncertainty in Colombia by counting related terms in media news, fell from 298 points in February. It rose 30 points compared to March last year.

News coverage in March focused mainly on economic, social, and geopolitical policy at 44.6%, followed by economic activity at 26.8% and other topics at 12.5%. From February, economic activity's share rose by 8.4 percentage points, while security declined by 6.8 points.

Versus March 2025, economic activity increased 17.4 percentage points, and economic, social, and geopolitical policy contracted 12.0 points. Fedesarrollo releases this monthly indicator with a sectoral focus.

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Photorealistic scene of bustling Bogotá streets with retail boom, factory, and billboard announcing 3.1% economic growth by Dane.
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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 Consumer Confidence Index (CCI) reached 19.9% in December 2025, up 2.9 percentage points from November. The rise was mainly due to improved perceptions of economic conditions. Compared to December 2024, the index increased by 23.3 percentage points.

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Chile's Central Bank reported that the Economic Activity Index (Imacec) fell 0.3% in February, accumulating a 0.4% contraction in the first two months of the year. Goods production dropped 3.7%, though mining saw a slight rebound. Economists are adjusting forecasts for 2026 GDP near 2%.

The National Administrative Department of Statistics (Dane) reported that Colombia's annual inflation for February 2026 was 5.29%, a slight slowdown from January's 5.35%. The monthly Consumer Price Index (CPI) variation stood at 1.08%, driven by rises in education and food. This figure remains above the Central Bank's target range of 3%.

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Argentina's country risk rose 14 basis points on February 5, 2026, amid international tensions and the arrival of an IMF technical team for the second review of the country's credit agreement. This followed a drop below 500 points for the first time in eight years the prior week. Stocks fell up to 8% and the official dollar declined 5 pesos.

Argentina's country risk, measured by JP Morgan, closed at 506 basis points on February 11, 2026, following January's 2.9% inflation data. The indicator shows relative stability amid stock market declines and analysis of persistent inflation. The market exhibited volatility, with the S&P Merval dropping 1.4%.

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Colombia's unemployment rate fell to 10.9% in January 2026, according to Dane, marking a 0.8 percentage point improvement from January 2025. Andi president Bruce Mac Master questioned the one-point drop in informality and noted that job growth was driven by non-salaried positions.

 

 

 

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