The seasonally adjusted Davivienda Colombia Manufacturing PMI fell to 50.8 in May 2019 from 51 in the previous month. The latest reading pointed to a weaker expansion in factory activity as outstanding business dropped for the fourth consecutive month and employment was unchanged. Also, delivery times lengthened further mostly due to transportation issues, unfavourable weather and traffic restrictions and stock of finished goods declined for the fifth successive month. Meanwhile, both new orders and output increased for the second straight month. On the price front, input cost inflation accelerated to an eight-month high boosted by input shortages and the US dollar strength and output price inflation went up at the fastest pace in three months. Finally, sentiment improved linked to new product developments, marketing efforts and expectations of greater demand. Manufacturing Pmi in Colombia is reported by Markit Economics.

Manufacturing Pmi in Colombia is expected to be 51.50 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 52.50 in 12 months time. In the long-term, the Colombia Davivienda Manufacturing PMI is projected to trend around 53.00 in 2020, according to our econometric models.

Colombia Davivienda Manufacturing PMI
Forecast Data Chart
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Colombia Business Last Previous Highest Lowest Unit
Business Confidence 4.40 3.00 12.70 -15.96 Index Points [+]
Industrial Production -1.30 3.20 17.70 -22.70 percent [+]
Total Vehicle Sales 12384.00 13058.00 19788.00 2234.00 Cars [+]
Car Registrations 20170.00 18440.00 40393.00 15941.00 [+]
Leading Economic Index 2.60 2.80 9.90 -1.70 percent [+]
Internet Speed 5523.06 5397.03 5523.06 572.73 KBps [+]
IP Addresses 5185338.00 5082089.00 7795504.00 880124.00 IP [+]
Steel Production 60.00 105.00 133.00 29.00 Thousand Tonnes [+]
Manufacturing Pmi 50.80 51.00 54.30 45.40 [+]
Cement Production 971013.00 1139886.29 1209660.26 508774.00 Tonnes [+]
Competitiveness Index 61.63 61.52 61.63 4.04 Points [+]
Competitiveness Rank 60.00 57.00 74.00 57.00 [+]
Capacity Utilization 81.84 78.59 85.30 63.90 percent [+]
Corruption Index 36.00 37.00 40.00 22.00 Points [+]
Corruption Rank 99.00 96.00 99.00 31.00 [+]
Ease of Doing Business 65.00 59.00 65.00 37.00 [+]
Industrial Production Mom 0.20 0.10 15.70 -9.10 percent [+]

Colombia Davivienda Manufacturing PMI

The Colombia Manufacturing PMI is based on data compiled from replies to questionnaires sent to purchasing managers in a panel of around 350 manufacturers. The panel is stratified by detailed sector and company workforce size, based on contributions to GDP. Survey responses are collected mid-month and denote the direction of change compared with the previous month. A diffusion index is calculated for each survey indicator. The index is the sum of the percentage of ‘higher’ responses and half the percentage of ‘unchanged’ responses. The indices vary between 0 and 100, with a reading above 50 indicating an overall increase and below 50 an overall decrease. The diffusion indices are then seasonally adjusted using an in-house method developed by IHS Markit. The Purchasing Managers’ Index (PMI) is a weighted average of the following five diffusion indices: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%). For the PMI calculation the Suppliers’ Delivery Times Index is inverted so that it moves in a comparable direction to the other indices. This page provides - Colombia Manufacturing Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Davivienda Manufacturing PMI - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
50.80 51.00 54.30 45.40 2015 - 2019 Monthly

Country Last Previous
Australia 52.70 May/19
Brazil 50.20 May/19
Canada 49.10 May/19
China 50.20 May/19
Euro Area 47.70 May/19
France 50.60 May/19
Germany 44.30 May/19
India 52.70 May/19
Indonesia 51.60 May/19
Italy 49.70 May/19
Japan 49.80 May/19
Mexico 50.00 May/19
Netherlands 52.20 May/19
Russia 49.80 May/19
Saudi Arabia 57.30 May/19
Singapore 49.90 May/19
South Africa 45.40 May/19
South Korea 48.40 May/19
Spain 50.10 May/19
Switzerland 48.60 May/19
Turkey 45.30 May/19
United Kingdom 49.40 May/19
United States 50.50 May/19