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.

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Colombia Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
6.80 8.20 20.33 -35.80 1980 - 2021 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-27 03:00 PM Dec -1.6 -6.7 -8
2021-02-24 03:15 PM Jan 3.7 -1.6 -0.8
2021-03-18 03:00 PM Feb 8.2 3.7 2
2021-04-16 03:05 PM Mar 6.8 8.2 6
2021-05-21 03:30 PM Apr 6.8 4.5
2021-06-18 03:20 PM May 2.8
2021-07-16 03:00 PM Jun
2021-08-19 03:30 PM Jul


News Stream
Colombia Business Sentiment Eases in March
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).
2021-04-16
Colombia Business Sentiment Rises to 12-Month High
The industrial confidence index in Colombia rose 4.5 points from the previous month to 8.2 in February of 2021, the highest reading since the pandemic began one year ago, with all three components having increased favourably. The current volume of orders increased 9.4 points (-11.5 vs -20.9 in January), the level of stocks by 2.1 points (-0.4 vs -2.5), and output expectations by 6.3 points (35.7 vs 29.4).
2021-03-18
Colombia Business Confidence Rises to 4-Month High
The industrial confidence index in Colombia rose to 3.7 in January of 2021, the highest reading since September of 2020, from -1.6 in the previous month. Output expectations for the next quarter improved sharply (29.4 from 10.6 in December) and the stock of finished products decreased further (-2.5 from -0.4). Meanwhile, the indicator measuring the current level of orders continued to plunge (-20.9 from -15.8).
2021-02-24
Colombia Business Sentiment Improves in December
The industrial confidence index in Colombia rose to -1.6 in December of 2020 from -6.7 in the previous month which was the lowest reading in four months. Output expectations for the next quarter improved sharply (10.6 vs -4.4 in November) and the stock of finished- products went down (-0.4 vs 7). Meanwhile, the indicator measuring the current level of orders continued to plunge (-15.8 vs -8.6).
2021-01-27

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.