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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Illustration depicting Colombia's factory production rise amid falling sales and employment, with economic graphs overlay.
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Manufacturing production rises 1.4% in February despite sales drop

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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%.

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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Argentina's monthly economic activity estimator (EMAE) recorded a 2.1% year-over-year drop and a 2.6% seasonally adjusted decline in February 2026, INDEC reported. Manufacturing industry contracted 8.7% and commerce 7.0% year-over-year.

Foreign direct investment reached US$3.794 million between January and March 2026, up 63.4% from the previous quarter.

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Fedesarrollo's March business opinion survey showed the commercial confidence index at 22.8%, up 0.2 percentage points from February, thanks to reduced inventories. In contrast, the industrial confidence index fell 3.2 points into negative territory amid lower production expectations.

South Korea's industrial output rose 2.5% in February from the previous month, the fastest growth in five years and eight months. Government data showed retail sales unchanged while facility investment jumped 13.5%. The Middle East crisis has had minimal impact so far.

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Colombian exports reached US$5.315.9 million FOB in March 2026, up 20.9% from March 2025, according to the Dane. The growth was driven mainly by a 149.2% rise in the other sectors group, led by non-monetary gold. For the first quarter, exports totaled US$13,809.5 million, a 15.5% increase.

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