Chambers Survey reflects that there is optimism in the first semester - Cali - Colombia

Although this is an election year, businessmen are optimistic about the first half of 2022.

36.6% of the 6,423 entrepreneurs who participated in the Business Rhythm Survey (ERE), believe that the economic situation will be better or much better in the first half of this year. 34.4% consider that it will remain the same and 29.0% that it will be worse or much worse.

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Those surveyed are members of 24 chambers in 14 departments, said Luis Fernando Pérez, president of the Chamber in Cali.

“Every year we renew the information that businessmen provide to the chambers. This has a gigantic value, it helps us to advance actions. The businessman is a source of well-being”, said Julián Domínguez, president of Confecamaras.

Reflecting business optimism, 35.4% reported that their sales increased in the second half of 2021 compared to the previous half, with an average growth of 26.2%.

“Buenaventura reported low sales due to the blockades last year,” explained Carlos Andrés Pérez, director of economic studies at the Chamber of Cali, who explained the results of the ERE.

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Among the main cities, Medellín, Cali and Barranquilla had a higher percentage of companies with an increase in their sales in the second half of 2021 than that reported for 2020 and 2019 (pre-pandemic).

Of the companies affiliated with 24 chambers with expectations of an increase in sales (47.6%) in the first half of 2022, 40.3% expect an increase of more than 20%.

The generation of employment reflects that things are going well. Among the 24 chambers of commerce, 13.7% reported increases in the number of workers in the second half of 2021 compared to the first half of the same yearor 21.9% more.
Aburrá Sur (25.3%) and Cali (23.3%) registered the highest percentage of companies that indicated increases in the number of workers in the second half of 2021 compared to 2020.

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“These positive data that we found are going to be represented in the recovery of jobs that were lost in 2020 and 2021 due to the pandemic,” Pérez said.

Cali (19.5%) and Medellín (19.0%) have the highest proportion of companies that expect to increase workers in this semester.

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