Colombia’s retail sales growth slowed significantly, with the year-over-year figure dropping to 12.4% from the previous 17.9%. This represents a substantial decrease of 5.5 percentage points, indicating a lower consumer demand compared to the prior period.
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The actual retail sales figure fell short of analyst estimates of 14.0%, suggesting weaker-than-expected consumer activity. This underperformance is likely to weigh on consumer discretionary and retail stocks, as investors reassess growth prospects in these sectors. The market impact may be more sentiment-driven in the short term, while potential adjustments in policy expectations could influence longer-term market dynamics.