The Davivienda Colombia Manufacturing PMI fell to 50.4 in September 2020 from 51.2 in the previous month. The reading pointed to the fourth successive expansion in factory activity, albeit at a slower rate amid the ongoing coronavirus pandemic. Output growth slowed to a four-week low, while new orders dropped for the second straight month but at a softer rate. At the same time, employment broadly stabilized as some firms reduced payroll numbers while others hired extra workers amid greater production needs. On the price front, input price inflation quickened and surpassed the long-run series average amid a stronger US dollar and shortages of raw materials, while output cost inflation eased to a four-month low. Lastly, sentiment improved to a seven-month high lifted by hopes that a reduction in coronavirus cases will lead to softer restrictions and subsequently boost demand. source: Markit Economics
Manufacturing Pmi in Colombia averaged 50.06 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 October of 2020.
Manufacturing Pmi in Colombia is expected to be 51.20 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 52.30 in 12 months time. In the long-term, the Colombia Davivienda Manufacturing PMI is projected to trend around 52.50 points in 2021 and 53.00 points in 2022, according to our econometric models.