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.