Goldman Sachs
February 13, 2026
Colombia Soft Core Retail Sales and Manufacturing in December
Macro ThematicMacro Economic IndicatorsConsumer DiscretionaryEnergy
Colombia's December data showed a significant slowdown, with core retail sales falling 1.7% month-over-month and manufacturing production contracting 0.6% year-over-year. The weak Q4 performance leads to a negative growth carryover for early 2026.
Key Takeaways
- 1.Core retail sales saw a 1.7% sequential decline in December, largely a pullback from strong Black Friday sales in November.
- 2.Manufacturing production remains weak, recording its first annual contraction since April (-0.6% yoy) and a 1.6% contraction for Q4.
- 3.Goldman Sachs maintains a 2026 growth forecast of 2.4% for Colombia, which is below market consensus.
Table of Contents
- BOTTOM LINE
- KEY NUMBERS (December)
- DETAILS
- Disclosure Appendix
- Reg AC
- Disclosures
- General disclosures
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Authors
Santiago Tellez
Themes
Manufacturing Sector WeaknessNegative Growth CarryoverPost-Black Friday Consumption Payback
Regions
Latin AmericaColombia
