Domestic consumption increased, supported by a greater flow of remittances and access to credit, which stimulated purchases of durable goods, particularly motorcycles and technological equipment. This performance emerged within the context of declining unemployment and improved consumer…
Roldán-Ferrín, Felipe
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- Publicación |
Retail trade recorded a rise, driven by increased household spending and supported by higher flows in remittances, improved access to credit, and greater consumer confidence. Vehicle sales contributed to the increase, boosted by lower interest rates, the launch of new models, and favorable…
- Publicación |The results highlight the usefulness of combining machine learning techniques with alternative sources of information to generate timely forecasts that are comparable to those of the market.
- Publicación |
Retail sales slowed down due to a slower growth rate in the sale of vehicles and motorcycles, consistent with a fall in consumer credit. However, sales of food and beverages, as well as computer and communications equipment, led the positive retail performance.
