The industrial confidence index in Colombia rose to -21.3 in May of 2020 after hitting a record low of -35.8 in April, due to the coronavirus crisis. Improvements were seen in output expectations for the next quarter (10.3 vs -19.7 in April) and the current level of orders (-54.6 vs -58.2). As a result, the stock of finished products went down (19.7 vs 29.4).
Business Confidence in Colombia averaged -0.17 points from 1980 until 2020, reaching an all time high of 20.33 points in July of 1992 and a record low of -35.80 points in April of 2020. This page provides - Colombia Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Fedesarrollo
Business Confidence in Colombia is expected to be -30.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Colombia to stand at 2.00 in 12 months time. In the long-term, the Colombia Business Confidence is projected to trend around 7.50 points in 2021 and 6.50 points in 2022, according to our econometric models.