The Davivienda Colombia Manufacturing PMI rose to 52.4 in March of 2021 from 50.2 in the previous month, pointing to a stronger improvement in the health of the sector. Both new orders and output returned to growth amid improved demand conditions, new projects in the pipeline and restocking efforts among clients. Purchasing activity and employment also increased to accommodate the upturn in demand and to mitigate the risk of stockouts. However, supply-chain disruptions caused longer delivery times and the sharpest rise in input costs for ten months. Subsequently, the rate of charge inflation accelerated notably from February and was the fastest in over four years. Finally, the overall level of positive sentiment remained strong, but eased since February due to concerns over a third wave in COVID-19 cases. source: Markit Economics
Manufacturing PMI in Colombia averaged 50.22 points from 2015 until 2021, 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 April of 2021.
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 51.80 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.