Consumer confidence remains negative at -12.7 points but improved from -14.1 in May. Industrial production contracted by 3.6% after an April increase.
Retail sales declined by 1.7% in contrast to 1.6% in April. Colombian peso may be impacted by disappointing data despite recent strength against the dollar.
Colombian peso has been strengthening against the dollar since late June, potentially staying bullish with expectations of US monetary policy easing, affecting dollar-peso support.
ANIF forecasts economic growth of 1.7% in 2024 and 2.4% in 2025, boosting optimism for the Colombian peso. Positive economic outlook may further support currency strength.
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