The industrial confidence indicator in Colombia fell to 7.1 in August of 2022, dropping from 9.7 in the previous month and marking the lowest since June of 2021. Sentiment deteriorated for expected production in the next three months (29.7 vs. 34.1 in July) while expectations for finished goods' stocks at the month's end rebounded (2.0 vs. -2.5). Meanwhile, manufacturers were less pessimist regarding the current level of orders (-6.3 vs. -7.6). source: Fedesarrollo

Business Confidence in Colombia averaged 0.16 points from 1980 until 2022, reaching an all time high of 20.40 points in September of 2021 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 October of 2022.

Business Confidence in Colombia is expected to be 7.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Business Confidence is projected to trend around 0.00 points in 2023, according to our econometric models.

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Colombia Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-08-24 03:00 PM Jul 9.7 11.5 11
2022-09-21 04:00 PM Aug 7.1 9.7 9
2022-10-26 02:00 PM Sep 7.1 7


Related Last Previous Unit Reference
Business Confidence 7.10 9.70 points Aug 2022

Colombia Business Confidence
In Colombia, the business confidence index (ICI), measures the level of optimism that business executives in industrial and commercial sectors have about the performance of the economy and how they feel about their organizations’ prospects. The index also assesses the expectations regarding investment climate, export activity, capacity utilization and employment. The index varies on a scale of -100 to 100, where -100 indicates an extreme lack of confidence, 0 neutrality and 100 extreme confidence.
Actual Previous Highest Lowest Dates Unit Frequency
7.10 9.70 20.40 -35.80 1980 - 2022 points Monthly

News Stream
Colombia Business Sentiment Drops to Lowest in Over a Year
The industrial confidence indicator in Colombia fell to 7.1 in August of 2022, dropping from 9.7 in the previous month and marking the lowest since June of 2021. Sentiment deteriorated for expected production in the next three months (29.7 vs. 34.1 in July) while expectations for finished goods' stocks at the month's end rebounded (2.0 vs. -2.5). Meanwhile, manufacturers were less pessimist regarding the current level of orders (-6.3 vs. -7.6).
2022-09-21
Colombia Business Sentiment Drops to 1-Year Low
The industrial confidence indicator in Colombia fell to 9.7 in July of 2022, dropping from 11.5 in the previous month and marking the lowest in since June of 2021. Sentiment deteriorated further for the current volume of orders (-7.6 vs -6.3 in June) and was slightly lower for expected production in the next three months (34.1 vs 34.2). On the other hand, the negative perception on stocks of finished goods in the end of the month eased (-2.5 vs -6.7).
2022-08-24
Colombia Business Sentiment at 3-Month High
The industrial confidence indicator in Colombia rose to a 3-month high of 14.5 in May of 2022 from 10.3 in the previous month. Current volume of orders rebounded (6.6 vs -3 in April) and production expectations for the next quarter increased (35.9 vs 28.6), despite a rise in the inventory level of finished goods (-0.8 vs -5.2).
2022-06-23