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.

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Colombia Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-21.30 -35.80 20.33 -35.80 1980 - 2020 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-03-25 03:20 PM Feb 9.8 12.2 6
2020-04-22 03:00 PM Mar -35.0 9.8 2
2020-05-27 03:30 PM Apr -35.8 -35.0 -40
2020-06-24 03:20 PM May -21.3 -35.8 -35
2020-07-22 04:00 PM Jun -21.3 -23
2020-08-26 03:45 PM Jul
2020-09-23 04:00 PM Aug
2020-10-21 04:00 PM Sep -20
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Colombia Business Morale Improves Slightly in May
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).
2020-06-24
Colombia Business Morale Plunges to New Low
The industrial confidence index in Colombia fell further to -35.8 in April of 2020 from -35 in the previous month. It was the lowest reading on record, as many businesses were forced to halt operations amid the imposed lockdown to contain the spread of the novel coronavirus. Accordingly, there was a sharp decline in the current level of orders (-58.2 vs -45.1 in March) while the stock of finished products continued to rise (29.4 vs 16.5). On the other hand, output expectations for the next quarter improved (-19.7 vs -43.3).
2020-05-27
Colombia Business Morale at Record Low in March
The industrial confidence index in Colombia slipped to -35.0 in March of 2020 from 9.8 in the previous month. It was the lowest reading since the survey began in January of 1980, amid the effects of a five-week lockdown meant to curb the spread of the coronavirus. There was a decline in the current level of orders (-45.1 vs -5.3 in February) and a deterioration in output expectations for the next quarter (-43.3 vs 32.7). Meanwhile, the stock of finished products increased (16.5 vs -2.0).
2020-04-22
Colombia Business Morale Deteriorates in February
The Industrial Confidence Index in Colombia fell to 9.8 in February 2020 from 12.2 in the previous month, amid a deterioration in stocks of finished products (-2 vs -1.2 in January). Also, output expectations for the next quarter weakened (32.7 vs 43.) Meanwhile, an improvement was seen in current level of orders (-5.3 vs -7.6).
2020-03-25

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.