The industrial confidence index in Colombia eased to 6.8 in March of 2021, from a 1-year high of 8.2 in the prior month. Manufacturers were less optimistic regarding output expectations for the next quarter (27.6 from 35.7 in February) and the stock of finished products decreased further during the month (-0.9 from -0.4). Meanwhile, the indicator measuring the current volume of orders shrank at a softer pace (-8.0 from -11.5). source: Fedesarrollo
Business Confidence in Colombia averaged -0.19 points from 1980 until 2021, reaching an all time high of 20.33 points in July of 1992 and a record low of -35.80 points in April of 2020. This page provides - Colombia Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Business Confidence in Colombia is expected to be 4.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Colombia to stand at 3.70 in 12 months time. In the long-term, the Colombia Business Confidence is projected to trend around 5.50 points in 2022 and 6.50 points in 2023, according to our econometric models.