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.