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Economic growth

National Pulse Survey

For September 2022, the Consumer Confidence Indicator (CCI) stood at 35.0% in the total of the 23 main cities and metropolitan areas, decreasing 0.68 percentage points with respect to August 2022 (35.7%). This result coincides with the Business Confidence Indicator (BCI), which decreased by 1.73 between August and September 2022. The BCI for men was 35.87%, while for women it was 34.33%; that is, women are more pessimistic about the economic situation.

Source: DANE, Social Pulse. In September 2022, 49.1% of the families in the 23 cities reported that their situation was worse or much worse than 12 months ago, while in Bogota it was 53.5%. This means a gap of 4.4 p.p. between the nation and Bogota. Bogota increased by 0.7 p.p. the percentage of households that considered their situation worse or much worse 12 months ago between August and September. In the country, it increased by 0.2 p.p.

Source: DANE, Pulso Social.

With respect to the next 12 months, in the 23 main cities and metropolitan areas, 27.9% of households consider that their economic situation will be better or much better, while the optimistic expectation in Bogota is 17.6%. This represents a gap of 10.3 p.p. between Bogota and the total of 23 cities.

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