The seasonally adjusted Davivienda Colombia Manufacturing PMI increased to 54.7 in June from 37.2 in the previous month. The latest reading pointed to the first expansion in factory activity in four months and the sharpest since May 2011, amid the easing of coronavirus lockdown restrictions. Output rose for the first time since February and new orders increased at the sharpest pace in nearly two years, as several businesses resumed operations following closures due to the pandemic. The job shedding rate eased while purchasing activity expanded for the first time in four months and at the fastest pace in six-and-a-half years. On the price front, input cost inflation slowed from May’s 55-month high and output prices accelerated to an over three-year high. Finally, sentiment improved to a four-month high amid hopes of a recovery in sales following government measures to reopen the economy.

Manufacturing Pmi in Colombia averaged 49.96 points from 2015 until 2020, reaching an all time high of 54.70 points in June of 2020 and a record low of 27.60 points in April of 2020. This page provides - Colombia Manufacturing Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Davivienda Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Markit Economics

Manufacturing Pmi in Colombia is expected to be 53.00 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 54.70 points in 2021 and 54.50 points in 2022, according to our econometric models.

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Colombia Davivienda Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
54.70 37.20 54.70 27.60 2015 - 2020 points Monthly
SA


News Stream
Colombia Factory Activity Returns to Growth in June
The seasonally adjusted Davivienda Colombia Manufacturing PMI increased to 54.7 in June from 37.2 in the previous month. The latest reading pointed to the first expansion in factory activity in four months and the sharpest since May 2011, amid the easing of coronavirus lockdown restrictions. Output rose for the first time since February and new orders increased at the sharpest pace in nearly two years, as several businesses resumed operations following closures due to the pandemic. The job shedding rate eased while purchasing activity expanded for the first time in four months and at the fastest pace in six-and-a-half years. On the price front, input cost inflation slowed from May’s 55-month high and output prices accelerated to an over three-year high. Finally, sentiment improved to a four-month high amid hopes of a recovery in sales following government measures to reopen the economy.
2020-07-01
Colombia Factory Activity Remains Weak in May
The seasonally adjusted Davivienda Colombia Manufacturing PMI went up to 37.2 in May 2020 from an all-time low of 27.6 in the previous month. Still, the reading pointed to the second sharpest contraction in factory activity since series began, amid a partial lifting of coronavirus lockdown restrictions. Output and new orders declined at a slower pace and the job shedding rate slowed slightly. On the price front, input cost inflation accelerated to its highest since October 2015, due to shortage of raw materials and a stronger US dollar, and output charges rose modestly and weaker than the average seen throughout the series. Lastly, sentiment improved, still it was the second-lowest on record amid hopes of a steady recovery, though some companies were cautious and noted greater uncertainty around the duration of the pandemic.
2020-06-01
Colombia Factory Activity Contracts at Record Pace
The seasonally adjusted Davivienda Colombia Manufacturing PMI plunged to 27.6 in April 2020 from 49.3 in the previous month. The latest reading pointed to the sharpest contraction on record, amid a slump in demand due to coronavirus lockdown measures. Output, new orders stock of purchases dropped to its lowest since series began. The job shedding rate accelerated to an-all time high as firms made deep cuts to workforces in line with output requirements. Suppliers delivery times lengthened to its highest since 2011. On the price front, input cost inflation accelerated for the third consecutive month and at the quickest pace in over four years, while output price inflation slowed to a near seven-year low. Finally, sentiment weakened to a record low amid fears of a prolonged downturn due to the covid-19.
2020-05-04
Colombia Factory Activity Back to Contraction
The seasonally adjusted Davivienda Colombia Manufacturing PMI fell to 49.3 in March 2020 from 52.5 in the previous month. The latest reading pointed to the first and sharpest contraction in factory activity since June last year, amid lower demand due to the coronavirus pandemic. Output dropped at the fastest pace in over a year due to disruptions to supply chains and a fall in sales. New orders declined markedly and hiring activity remained weak, as some firms hired workers for specialised operations while others reduced labour to offset revenues. Suppliers’ delivery times lengthened linked to landslides that damaged roads and limited raw material availability due to the coronavirus outbreak. On the price front, input cost inflation accelerated mainly driven by the US dollar appreciation while output prices rose modestly. Lastly, sentiment deteriorated to a record low amid concerns about prolonged economic difficulties due to the Covid-19.
2020-04-01

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.