The industrial confidence index in Colombia went up 10 points from the previous month to +1.5 in August 2020, remaining well below pre-pandemic levels and following the easing of coronavirus lockdown measures. Output expectations for the next quarter increased sharply (30.1 vs 14.9 in July) and sentiment improved regarding the current level of orders (-23.9 vs -34.2). Meanwhile, the stock of finished products dropped (1.7 vs 6.3).

Business Confidence in Colombia averaged -0.22 points from 1980 until 2020, 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 September of 2020. source: Fedesarrollo

Business Confidence in Colombia is expected to be -1.00 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 4.00 in 12 months time. In the long-term, the Colombia Business Confidence is projected to trend around 7.50 points in 2021 and 6.50 points in 2022, according to our econometric models.

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Colombia Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
1.50 -8.50 20.33 -35.80 1980 - 2020 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-06-24 03:20 PM May -21.3 -35.8 -35
2020-07-22 03:00 PM Jun -20.8 -21.3 -23
2020-08-27 03:30 PM Jul -8.5 -20.8 -20
2020-09-23 04:00 PM Aug 1.5 -8.5 -3
2020-10-21 04:00 PM Sep 1.5 -1
2020-11-25 03:00 PM Oct
2020-12-23 04:00 PM Nov


News Stream
Colombia Industry Confidence Improves in August
The industrial confidence index in Colombia went up 10 points from the previous month to +1.5 in August 2020, remaining well below pre-pandemic levels and following the easing of coronavirus lockdown measures. Output expectations for the next quarter increased sharply (30.1 vs 14.9 in July) and sentiment improved regarding the current level of orders (-23.9 vs -34.2). Meanwhile, the stock of finished products dropped (1.7 vs 6.3).
2020-09-23
Colombia Business Morale Continue to Recover in July
The industrial confidence index in Colombia went up to -8.5 in July 2020, recovering further from April’s record low of -35.8, amid the easing of coronavirus lockdown measures. Output expectations for the next quarter increased sharply (14.9 vs 2.3 in June) and sentiment improved regarding the current level of orders (-34.2 vs -47.3). Meanwhile, the stock of finished products dropped (6.3 vs 17.5).
2020-08-27
Colombia Business Morale Continues to Recover in June
The industrial confidence index in Colombia increased to -20.8 in June of 2020, recovering from -21.3 in May and April’s all-time low of -35.8, amid the easing of coronavirus lockdown restrictions. Sentiment improved regarding the current level of orders (-47.3 vs -54.6 in May). On the other hand, output expectations for the next quarter deteriorated (2.3 vs 10.3) and the stock of finished products dropped (17.5 vs 19.7).
2020-07-22
Colombia Business Morale Improves Slightly in May
The industrial confidence index in Colombia rose to -21.3 in May of 2020 after hitting a record low of -35.8 in April, due to the coronavirus crisis. Improvements were seen in output expectations for the next quarter (10.3 vs -19.7 in April) and the current level of orders (-54.6 vs -58.2). As a result, the stock of finished products went down (19.7 vs 29.4).
2020-06-24

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.