The Davivienda Colombia Manufacturing PMI fell to 49.5 in July of 2022 from a near-record high of 55.7 in the previous month, pointing to the first deterioration in the health of the sector since mid-2021. There were renewed declines in output and new orders, attributed to uncertainty due to the change of government, elevated inflation, input scarcity and weaker demand. This prompted manufacturers to reduce purchasing activity and staffing levels, following a one-year sequence of job creation. On the price front, input cost inflation picked up once again, which resulted in a sharper increase in selling prices. Finally, sentiment slipped from June, owing to policy uncertainty, US dollar strength and inflation concerns. source: Markit Economics

Manufacturing PMI in Colombia averaged 50.71 points from 2015 until 2022, reaching an all time high of 55.70 points in June of 2022 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 2022.

Manufacturing PMI in Colombia is expected to be 54.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Davivienda Manufacturing PMI is projected to trend around 50.00 points in 2023, according to our econometric models.

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Colombia Davivienda Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 49.50 55.70 points Jul 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
49.50 55.70 55.70 27.60 2015 - 2022 points Monthly
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News Stream
Colombia Factory Activity Slips into Contraction
The Davivienda Colombia Manufacturing PMI fell to 49.5 in July of 2022 from a near-record high of 55.7 in the previous month, pointing to the first deterioration in the health of the sector since mid-2021. There were renewed declines in output and new orders, attributed to uncertainty due to the change of government, elevated inflation, input scarcity and weaker demand. This prompted manufacturers to reduce purchasing activity and staffing levels, following a one-year sequence of job creation. On the price front, input cost inflation picked up once again, which resulted in a sharper increase in selling prices. Finally, sentiment slipped from June, owing to policy uncertainty, US dollar strength and inflation concerns.
2022-08-01
Colombia Manufacturing PMI at Historic High
The Davivienda Colombia Manufacturing PMI rose to 55.7 in June of 2022 from 53.9 in the previous month, pointing to the second strongest expansion in the manufacturing sector since data collection began in 2011. Colombian good producers saw business inflows surge to a 7-1/2-year high, attributed to a larger client base, growing demand, product diversification, and marketing. To meet rising demand, producers increased output levels at a pace not seen since January 2016, and efforts to expand production resulted in an unprecedented increase in staffing levels. Although signs of supply chain issues remained evident, the growth in both input and output prices eased to a 15-month low. Looking ahead, businesses were the most confident in ten months, as manufacturers hoped that uncertainty could calm after the presidential elections, while higher investment and quotations lifted optimism about output.
2022-07-01
Colombia Factory Activity Growth Slows in May
The Davivienda Colombia Manufacturing PMI eased to 53.9 in May of 2022 from 54.4 in the previous month, as production and new orders rose softer, while the employment expansion also moderated. On top of that, there was a significant rise in input costs and the sharpest upturn in selling prices in six months. Meanwhile, lingering supply chain bottlenecks meant factories could not keep up, and the rate of backlog accumulation was steep and the second-highest in the survey history. Finally, business optimism got clouded by election uncertainty, input shortages, and soaring inflation.
2022-06-01