The Davivienda Colombia Manufacturing PMI rose to 54.2 in July of 2021 from 48.3 in the previous month. The latest reading pointed to the first expansion in factory activity in three months and the strongest in a year. Both new orders and output returned to growth following contractions in May and June caused by blockades and national strikes. At the same time, outstanding business rose at a record pace, which led firms to hire staff at the fastest pace in over five-and-a-half years. There was also an unprecedented expansion in input purchasing as companies sought to rebuild stocks and meet greater sales requirements. Meanwhile, price pressures remained historically elevated due to global shortages of raw materials. Finally, the overall level of business confidence improved to a ten-month high in July amid greater vaccine access and projects in the pipeline. source: Markit Economics

Manufacturing PMI in Colombia averaged 50.20 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 August of 2021.

Manufacturing PMI in Colombia is expected to be 52.00 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 52.00 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.

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Colombia Davivienda Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
54.20 48.30 54.70 27.60 2015 - 2021 points Monthly
SA


News Stream
Colombia Factory Activity Growth at 1-Year High
The Davivienda Colombia Manufacturing PMI rose to 54.2 in July of 2021 from 48.3 in the previous month. The latest reading pointed to the first expansion in factory activity in three months and the strongest in a year. Both new orders and output returned to growth following contractions in May and June caused by blockades and national strikes. At the same time, outstanding business rose at a record pace, which led firms to hire staff at the fastest pace in over five-and-a-half years. There was also an unprecedented expansion in input purchasing as companies sought to rebuild stocks and meet greater sales requirements. Meanwhile, price pressures remained historically elevated due to global shortages of raw materials. Finally, the overall level of business confidence improved to a ten-month high in July amid greater vaccine access and projects in the pipeline.
2021-08-02
Colombia Factory Activity Remains Weak in June
The Davivienda Colombia Manufacturing PMI rose to 48.3 in June of 2021 from a one-year low of 46.7 in the previous month. It was the second straight month of contractions in factory activity, weighed down by extraordinary drops in new business inflows and production levels, mostly attributed to the nationwide protests and road blockades, as well as reduced demand because of the pandemic. As a result, employment fell for the second consecutive month. The social unrest, coupled with global raw material shortages and international shipping issues, led to a contraction in input purchases unlike any other prior to the pandemic outbreak, which reflected in a sharp decline of finished product inventory levels. Nonetheless, input costs rose further at historically fast paces, to which manufacturers responded with an unprecedented hike in client charges. Business morale was slightly dented by the protests and the pandemic outlook but remained optimistic.
2021-07-01
Colombia Factory Activity Contracts Sharply in Troubled May
The Davivienda Colombia Manufacturing PMI fell sharply to 46.7 in May of 2021 from 54.0 in the previous month, pointing to the first contraction in factory activity in a year. National strikes called in the midst of the pandemic’s third wave, have strongly disrupted manufacturing operating conditions in Colombia. Factories and business closures led to strong contractions in new orders and output levels. As a result, employment fell for the first since January, at one of the sharpest rates ever recorded. Furthermore, road blockades by anti-government protests lengthened a lot supplier delivery times, enhancing an already existent problem due to material shortages and COVID travel restrictions. Input purchasing and inventories declines, while input costs rose further at historically fast paces, a trend that has been partially shifted to businesses’ customers. Entrepreneurs remain optimist nonetheless, as the protests have come to an end and vaccinations are now well underway
2021-06-01
Colombia Factory Activity Expands for 3rd Straight Month
The Davivienda Colombia Manufacturing PMI rose to 54.0 in April of 2021 from 52.4 in the previous month, evidencing a notable acceleration in growth across the Colombian manufacturing industry. Increases were recorded both in terms of new orders and output, at faster paces than in the prior month, boosted not only by higher demand, but also due to productivity gains and a higher willingness for stock-building. In addition, intake of additional workers reached its fastest pace since January. However, steeped input buying together with raw material scarcities and supply-chain disruptions led input inflation to reach a five-and-a-half-year high, with some of this burden being eventually passed on to clients. As last, it is worth noting that confidence indicators deteriorated significantly in April, amid a third wave in COVID-19 cases which is threatening the commerce sector and other service activities.
2021-05-03

Colombia Davivienda Manufacturing PMI
The Colombia Manufacturing PMI is based on data compiled from replies to questionnaires sent to purchasing managers in a panel of around 350 manufacturers. The panel is stratified by detailed sector and company workforce size, based on contributions to GDP. Survey responses are collected mid-month and denote the direction of change compared with the previous month. A diffusion index is calculated for each survey indicator. The index is the sum of the percentage of ‘higher’ responses and half the percentage of ‘unchanged’ responses. The indices vary between 0 and 100, with a reading above 50 indicating an overall increase and below 50 an overall decrease. The diffusion indices are then seasonally adjusted using an in-house method developed by IHS Markit. The Purchasing Managers’ Index (PMI) is a weighted average of the following five diffusion indices: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%). For the PMI calculation the Suppliers’ Delivery Times Index is inverted so that it moves in a comparable direction to the other indices.