Colombian retail sales decline for 15th consecutive month, here’s why

Retail sales in Colombia fell 1.7% year-on-year in May, marking the fifteenth consecutive month of decrease. This negative trend has accelerated from the previous month’s 1.6% dip. The protracted drop in retail sales reflects Colombia’s larger economic slump. This slowing has been substantially affected by the Colombian central bank’s aggressive interest rate hikes. These measures […]