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.