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Colombia's January retail sales surged 10.1% (vs. 4% expected), electronics up 50%, vehicles 23%, as manufacturing grew 1.9%.

Colombia paradoxically boasts many female executives despite high female unemployment, showcasing talented role models in leadership positions.

Fitch Ratings has assessed the Colombian Ministry of Transportation's decision to freeze above-inflation tariff increases as neutral for its rated toll road projects.

Inflation fell more than expected in August to 6.1% (5.5% core), and the Central Bank hasn't met since the end of July.

"In response to these market dynamics, companies are striving for a more balanced strategy between growth and profitability," said Fitch Ratings.

The hope is that we will see another decline for January, but some are concerned about how the 12% minimum wage increase and El Niño have affected prices.

In October, the monthly reading was 0.25%, which led to a year-over-year number of 10.48%. Now, the question is how far it will fall this month.

ANDI) and the Ministerio de Hacienda moved together on this plea — in what is hopefully the start of a more harmonious relationship.

Despite opinion polls declaring we are heading for Armageddon, we see various stakeholders increasing the GDP outlook.

Inflation and high capital costs are causing deteriorating liquidity for Colombian corporates, according to Fitch.