The seasonally adjusted Davivienda Colombia Manufacturing PMI fell to 52.4 in December of 2019 from 52.9 in the previous month. The latest reading pointed to a weaker expansion in factory activity, still the headline figure was at its second-highest mark in the past 15 months. The main drag came from new orders, as new work growth eased noticeably compared to November. On the price front, input cost edged higher while the output charge inflation eased from November’s 32-month high. Finally, Colombian manufactures remained optimistic about growth prospects. Manufacturing Pmi in Colombia averaged 50.44 points from 2015 until 2019, reaching an all time high of 54.30 points in January of 2016 and a record low of 45.40 points in May of 2017. source: Markit Economics
Manufacturing Pmi in Colombia is expected to be 52.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing Pmi in Colombia to stand at 54.00 in 12 months time. In the long-term, the Colombia Davivienda Manufacturing PMI is projected to trend around 53.00 points in 2020, according to our econometric models.