Bloomberg News

Colombia’s Exports Rose 6.1% in September From Year Earlier

November 08, 2012

Colombia’s exports rose 6.1 percent to $4.8 billion in September compared with the same month last year, the government statistics agency said today in a report on its website.

In the same period a month earlier, exports fell 7.6 percent in August from the same month last year.

The central bank cited weak demand for Colombia’s exports in its decision to cut interest rates a quarter point at both its July and August meetings. Policy makers left the benchmark interest rate unchanged at 4.75 percent for a second straight month in October, saying that bond-buying plans by the U.S. Federal Reserve and European Central Bank will ease the risk of a global slump.

The peso has gained 7 percent this year, the third biggest gain among 25 emerging market currencies tracked by Bloomberg.

To contact the reporter on this story: Matthew Bristow in Bogota at mbristow5@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net.


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