Consumer confidence rises 23.3 points in December

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.

Colombia's Consumer Confidence Index (CCI) continued strengthening in December 2025, reaching levels unseen in over eight years, according to Fedesarrollo's Consumer Opinion Survey. The index closed the month at 19.9%, a 2.9 percentage point increase from November's 17.0%.

"This result was due to a 5.0 percentage point increase in the Economic Conditions Index and a 1.5 percentage point rise in the Consumer Expectations Index," stated the Fedesarrollo report. Compared to December 2024's -3.4%, the index grew by 23.3 percentage points.

In the fourth quarter of 2025, the CCI rose 15.3 percentage points from the previous quarter, moving from 1.5% to 16.8%. Perceptions of the country's situation improved by 18.7 points, and household situations by 12.9 points. Willingness to buy durable goods and housing also increased: for housing, it rose 3.9 points from November and 17.5 points from December 2024.

By cities, Bogotá led with 9.4 points, followed by Cali at -0.2, Bucaramanga at -2.9, Medellín at -10.1, and Barranquilla at -11.2. These figures indicate a gradual recovery in Colombian households' economic perceptions at year-end.

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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.

Following projections of around 5.2% for year-end 2025, Colombia's National Administrative Department of Statistics (Dane) reported actual annual inflation of 5.1% for December 2025, down 10 basis points from December 2024. This below-expectation figure underscores persistent pressures in housing, services, and food amid minimum wage hikes, as the central bank eyes interest rate moves.

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Colombia's gross domestic product grew 3.6% in the third quarter of 2025, exceeding market expectations and marking the strongest expansion since 2022. The result was mainly driven by public spending and sectors such as commerce and public administration. However, activities like mining and construction showed contractions.

Colombia's National Administrative Department of Statistics (Dane) reported that manufacturing production rose 1.9% in October 2025 compared to October 2024. Manufacturing sales grew 2.4%, and employed personnel increased 0.7%. Bruce Mac Master, president of Andi, highlighted sectoral heterogeneity and the importance of the year's final months.

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China's consumer price index rose 0.8% year-on-year in December, data from the National Bureau of Statistics showed on Friday. This key inflation gauge reflects economic pressures in the final month of 2025.

Dane reported that Colombia's unemployment rate in October 2025 was 8.2%, the lowest for an October since 2017, with 2.1 million people unemployed. This marks a drop of 0.9 percentage points from October 2024. However, Andi warned about the rise in labor informality amid job creation.

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Salaries rose 1.8% in November 2025, below that month's 2.5% inflation, according to data from the National Institute of Statistics and Censos (INDEC). From January to November, incomes increased an average of 36%, exceeding the 27.9% inflation for the period. However, growth in registered employment lagged behind the informal sector.

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