Colombia's Industrial Confidence Rises on Inventory Decline

Colombia's industrial confidence indicator rose to 0.9% in February 2026, up 2.4 percentage points from January. The monthly improvement was driven by a 4.7 pps decline in inventory levels to -7.4% and a 3.4 pps rise in current order volumes to -28.6%, partially offset by a 1.0 pps drop in production expectations for the next quarter to 23.9%. Year-over-year, the 0.2% confidence gain was primarily due to a 7.4 pps decline in inventory levels.

Colombia’s industrial confidence indicator stood at -0.7% in December 2025, rising 3.6 percentage points from the previous month. The monthly improvement was driven by a 13.7 pp increase in production expectations for the next quarter and a 5.0 pp decline in inventories, partly offset by a 7.6 pp drop in the current volume of orders. On a year-on-year basis, industrial confidence fell by 0.5 pp compared with December 2024.

The industrial confidence indicator for Colombia stood at -4.3 in November 2025, down from October’s reading of 4.9 and marking an eighteen-month low. This decrease was primarily driven by weaker production expectations for the next quarter (-0.7 vs. 22.2 in October) and a decrease in stock levels (-0.4 vs. 0.4), while the volume of current orders worsened (-12.7 vs. -7.0). By comparison, the confidence indicator stood lower at -2.8 a year earlier.