The Davivienda Colombia Manufacturing PMI dropped to 51.8 in December of 2020 from 52.1 in November. The latest reading pointed to the seventh consecutive expansion in the factory sector but slightly weaker. Output growth slowed down amid raw material scarcity while the rate of job creation also eased and was only marginal. In contrast, new orders grew the most since July, attributed to better demand conditions and restocking efforts among clients. Meanwhile, both stocks of input and finished goods fell, due to delivery delays, raw material scarcity and weak production. In terms of prices, the rate of input inflation remained sharp overall, attributed to higher freight costs, the coronavirus pandemic and unfavourable exchange rates. As a result, selling prices were lifted further. Looking ahead, business sentiment remained positive but below its long-run average, as some firms were concerned about a second spike in COVID-19 cases, raw material scarcity and a slow economic recovery. source: Markit Economics
Manufacturing PMI in Colombia averaged 50.14 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 January of 2021.
Manufacturing PMI in Colombia is expected to be 51.70 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 52.50 in 12 months time. In the long-term, the Colombia Davivienda Manufacturing PMI is projected to trend around 53.00 points in 2022, according to our econometric models.