LatAm Daily | Colombian industrial output grew 1.5% YoY in June

Summary

The June print showed a slight recovery in the manufacturing sector while retail sales grew 5.1% YoY as the slowdown in household spending was moderate. We expect the deceleration to be steeper in 2H15 although retail sales will remain in positive territory. Today, Chile’s balance of payments and national accounts will be released. We expect 2Q15 GDP growth of 1.7% YoY

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