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.

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Colombia Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2023-04-25 03:00 PM Mar 3.5 4.2 -5
2023-05-25 03:40 PM Apr -5.9 3.5 2
2023-06-23 03:00 PM May -5.9 1


Related Last Previous Unit Reference
Business Confidence -5.90 3.50 points Apr 2023

Colombia Business Confidence
In Colombia, the business confidence index (ICI), measures the level of optimism that business executives in industrial and commercial sectors have about the performance of the economy and how they feel about their organizations’ prospects. The index also assesses the expectations regarding investment climate, export activity, capacity utilization and employment. The index varies on a scale of -100 to 100, where -100 indicates an extreme lack of confidence, 0 neutrality and 100 extreme confidence.
Actual Previous Highest Lowest Dates Unit Frequency
-5.90 3.50 20.40 -35.80 1980 - 2023 points Monthly

News Stream
Colombia Industrial Morale Lowest since 2020
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.
2023-05-25
Colombian Business Sentiment Eases from 5-Month High
The industrial confidence indicator in Colombia fell to 3.5 in March of 2023 from the five-month high of 4.2 touched in the previous month, but remained in positive territory for the third consecutive month. Sentiment deteriorated regarding current order volumes (-14.7 vs -13.3 in February), offsetting the improvement in expectations of future production (27.8 vs 26.4) and stocks of finished goods (2.8 vs 0.4).
2023-04-25
Colombian Business Sentiment Rises to 5-Month High
The industrial confidence indicator in Colombia rose to 4.2 in February of 2023, the highest in five months, and expanding from the 3.6 in the previous month. Sentiment improved for the current volume of new orders (-13.3 vs -17.7 in January), raising hopes of stronger demand for Colombian manufacturers. On the other hand, deterioration was seen in the stocks of finished goods (0.4 vs 2) and expected production levels in the next three months (26.4 vs 30.6).
2023-03-24