The industrial confidence indicator in Colombia fell to -5.9 in April 2023 from 3.5 in the previous month and entered negative territory for the time this year, reaching the lowest level since November 2020. The negative monthly variation in the indicator is explained by a decline in production expectations for the next quarter, a decrease in the current volume of orders, and an increase in inventory levels. source: Fedesarrollo
Business Confidence in Colombia averaged 0.18 points from 1980 until 2023, reaching an all time high of 20.40 points in September of 2021 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 June of 2023.
Business Confidence in Colombia is expected to be 1.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Business Confidence is projected to trend around 10.00 points in 2024 and 15.00 points in 2025, according to our econometric models.