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Bancolombia NowCast Index Signals Colombia Economic Slowdown in First Quarter

8 April 2026 at 23:12

Activity cools to 2.1% annual expansion.

Economic activity in Colombia expanded at an estimated annual rate of 2.1% during the first quarter of 2026. According to the latest NowCast report issued by the Grupo Cibest, unit of Bancolombia (NYSE: CIB, BVC: BCOLOMBIA), this outcome reflects a loss of momentum compared to the rolling quarter ended in February. That previous period recorded a growth of 2.2%, which was revised downward by 10 basis points from an initial estimate of 2.3%.

The 2.1% growth rate for the quarter indicates a slowdown relative to both the market consensus average of 2.7% and the internal growth forecast of 3.3% held by the bank. On a month-over-month basis, the seasonally adjusted series of the NowCast index posted a 1.3% contraction in March 2026. When compared to March 2025, economic activity grew by 2% year over year, representing a 50-basis-point decline from the 2.5% reading recorded the previous month.

“Overall, these results suggest that the economy is beginning to lose steam, amid multiple sources of uncertainty.” — NowCast Bancolombia Report

Analysis at the sector level reveals a broadly weaker growth profile, with deceleration appearing across most productive areas. Slower momentum was identified in trade, manufacturing, recreation, real estate, and financial services. Manufacturing expansion cooled to 1.0% in March 2026, while financial services recorded marginal growth of 0.6%. The real estate sector maintained a steady growth rate of 1.9%.

Construction and communications were the only sectors to record negative growth during the period. The construction sector saw a significant downturn, contracting by 2.3% in March 2026 after having posted 1.4% growth in February. The information and communications sector contracted by 0.4%, marking its fourth consecutive month in contractionary territory. Conversely, acceleration was noted in public administration, which grew by 5.1%, agriculture at 3.7%, and mining at 0.8%.

The NowCast family of indicators is prepared by Grupo Cibest through the processing and aggregation of transaction data from the bank’s various payment channels. Using advanced quantitative tools, the index provides high-frequency estimates of Colombian productive activity to complement official data from the Departamento Administrativo Nacional de Estadística. The report was authored by Arturo Yesid González Peña, Head of Quantitative and Analytics, and Sebastián Ospina Cuartas, Data Controller.

The report also incorporates data from the Bloomberg platform and FocusEconomics Consensus Forecasts to provide broader economic context. While the national economy remains in expansionary territory, the analysts suggest that the current results indicate the market is losing steam due to various sources of domestic uncertainty.

Apple's Second Retail Store in Mumbai Opens This Thursday

Apple has previewed Apple Borivali, its sixth store to open in India, and the company's second store in Mumbai. The store opens on Thursday, February 26, at 1 p.m. IST.


The store is in Sky City Mall, a large new shopping and entertainment complex in Borivali East, located off the Western Express Highway near the Devipada Metro Station in the Khande Rao Dongari area of the city.
"We're thrilled to open Apple Borivali, and bring the best of Apple to life for even more customers in India," said Deirdre O'Brien, Apple's senior vice president of Retail and People. "We're so inspired by the creativity and enthusiasm of communities across India, and our dedicated team members are excited to welcome and connect with customers in this extraordinary new store, our second in Mumbai."
The store will have more than 70 team members to provide guidance and support for Apple customers, as well as providing retail services like Apple Trade In, flexible financing, safe data transfer, and Personal Setup. Like all Apple facilities, Apple Borivali operates on 100 percent renewable energy and is carbon neutral.

Apple has created a special Apple Music playlist to celebrate the new store, as well as special decorative wallpapers for iPhone, iPad, and Mac.

Apple's new Borivali store is the latest addition to its retail presence in India. The company opened its first two Indian stores in 2023 in Mumbai (BKC) and Delhi (Saket), then expanded to Bengaluru (Hebbal) and Pune (Koregaon Park), with a Noida location opening in 2025.

In the past, CEO Tim Cook and other Apple executives have remarked on the importance of India, which is home to the world's second biggest smartphone market. In 2020 Apple opened its online store in India, offering Indian customers a way to purchase products directly from Apple without having to go through an authorized premium reseller.
Tags: India, Retail

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Retail Accessories Apple Won't Sell You Now Available via New Site

A newly surfaced resale operation is seemingly offering Apple Store–exclusive display accessories to the public for the first time, potentially giving consumers access to Apple-designed hardware that the company has historically kept confined to its retail environments.


Apple designs a range of premium MagSafe charging stands, display trays, and hardware systems exclusively for displays in its global retail stores. They have never been made available through Apple's online store or physical retail locations.

"AppleUnsold" surfaced this week as an Australia-based seller that has begun offering ‌Apple Store‌ display hardware for sale through both an independent website and an eBay storefront. From company's website:

AppleUnsold exists because too many people were asking the same question: "Where can I buy that?" The store display stands, retail accessories, Genius Bar tools and employee gear, and until now, the answer was always the same: you can't. Despite large demand, Apple simply won't sell them. That's where we come in. Display models, store exclusives and Apple-only equipment are exactly what we specialise in.

We give you access to products you simply can't find anywhere else. Every item is genuine Apple, carefully inspected and graded before listing.


Items currently offered or previously listed for sale include iPhone ‌MagSafe‌ demo chargers, Apple Watch charging docks, AirPods Max display stands, Apple Pencil trays, iPad ring stands, and display trays designed for Apple Vision Pro. The catalog also extends beyond presentation hardware to include diagnostic cables and service-related accessories, such as Apple Watch restore docks and HomePod debugging cables, which are typically reserved for ‌Apple Store‌ back-of-house use or authorized service environments.

AppleUnsold says on its website that all items are genuine Apple products and that inventory consists of both new and used hardware. The company also notes that supply is limited and dependent on availability, with many items frequently selling out.

The seller originally operated exclusively through eBay and continues to maintain a presence there alongside its standalone storefront. The AppleUnsold eBay account shows a 100% positive feedback rating based on a limited number of completed transactions. Customer feedback on specific listings includes confirmations that purchased items appear to be authentic Apple hardware.

Apple's retail fixtures and internal tools are not authorized for consumer resale, and the company treats such hardware as proprietary retail property. Historically, Apple has taken action to restrict unauthorized sales of internal-use products, and it is not clear where AppleUnsold is sourcing stock from or how its business model works.
Tag: Retail

This article, "Retail Accessories Apple Won't Sell You Now Available via New Site" first appeared on MacRumors.com

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