The Davivienda Colombia Manufacturing PMI rose to 54.0 in April of 2021 from 52.4 in the previous month, evidencing a notable acceleration in growth across the Colombian manufacturing industry. Increases were recorded both in terms of new orders and output, at faster paces than in the prior month, boosted not only by higher demand, but also due to productivity gains and a higher willingness for stock-building. In addition, intake of additional workers reached its fastest pace since January. However, steeped input buying together with raw material scarcities and supply-chain disruptions led input inflation to reach a five-and-a-half-year high, with some of this burden being eventually passed on to clients. As last, it is worth noting that confidence indicators deteriorated significantly in April, amid a third wave in COVID-19 cases which is threatening the commerce sector and other service activities. source: Markit Economics
Manufacturing PMI in Colombia averaged 50.28 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 May of 2021.
Manufacturing PMI in Colombia is expected to be 51.20 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 51.80 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.