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.