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.

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Colombia Davivienda Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
54.00 52.40 54.70 27.60 2015 - 2021 points Monthly
SA


News Stream
Colombia Factory Activity Expands for 3rd Straight Month
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.
2021-05-03
Colombia Factory Activity Growth Picks Up in March
The Davivienda Colombia Manufacturing PMI rose to 52.4 in March of 2021 from 50.2 in the previous month, pointing to a stronger improvement in the health of the sector. Both new orders and output returned to growth amid improved demand conditions, new projects in the pipeline and restocking efforts among clients. Purchasing activity and employment also increased to accommodate the upturn in demand and to mitigate the risk of stockouts. However, supply-chain disruptions caused longer delivery times and the sharpest rise in input costs for ten months. Subsequently, the rate of charge inflation accelerated notably from February and was the fastest in over four years. Finally, the overall level of positive sentiment remained strong, but eased since February due to concerns over a third wave in COVID-19 cases.
2021-04-05
Colombia Factory Activity Expands at Slowest Rate Since June
The Davivienda Colombia Manufacturing PMI decreased to 50.2 in February of 2021 from 53.3 in the previous month, due to renewed restrictions on mobility. It was the weakest expansion in the factory sector since the index rose above the 50 points threshold in June of last year, as a reduction in new orders, mainly attributed to subdued demand, led to the first decline in output in 8 months. In addition, delayed decision-making among clients resulted in the sharpest rate of contraction in new businesses since August 2020. Weaker sales volumes gave firms the time to reduce their backlogs for the 8th consecutive month, while employment numbers rebounded on stronger business expectations for the year ahead, and disruptions in supply-chains were the least severe since February 2020. Additionally, input costs rose at the slowest pace in 4 months. Looking ahead, business optimism strengthened due to the vaccination campaign and on the prospect of looser economic restrictions.
2021-03-01
Colombia Factory Activity Growth at 6-Month High
The Davivienda Colombia Manufacturing PMI rose to 53.3 in January of 2021 from 51.8 in the previous month, pointing to the strongest expansion in the manufacturing sector since July. New orders rose for the fourth month running and at the fastest pace in six years, mainly attributed to access to new markets, greater clientele, improved demand and stock rebuilding efforts among clients. As a result, output also rose markedly, and at an above-trend pace that was the quickest since last July. Meanwhile, employment fell modestly for the first time in four months, due to financial difficulties caused by the COVID-19 pandemic. Supply-chain disruptions persisted but firms were able to reduce their own backlogs for the 7th month in a row. Input cost inflation remained sharp, while output charges increased only slightly. Looking ahead, business optimism strengthened on the back of marketing efforts, product diversification, export opportunities and vaccine developments.
2021-02-01

Colombia Davivienda Manufacturing PMI
The Colombia Manufacturing PMI is based on data compiled from replies to questionnaires sent to purchasing managers in a panel of around 350 manufacturers. The panel is stratified by detailed sector and company workforce size, based on contributions to GDP. Survey responses are collected mid-month and denote the direction of change compared with the previous month. A diffusion index is calculated for each survey indicator. The index is the sum of the percentage of ‘higher’ responses and half the percentage of ‘unchanged’ responses. The indices vary between 0 and 100, with a reading above 50 indicating an overall increase and below 50 an overall decrease. The diffusion indices are then seasonally adjusted using an in-house method developed by IHS Markit. The Purchasing Managers’ Index (PMI) is a weighted average of the following five diffusion indices: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%). For the PMI calculation the Suppliers’ Delivery Times Index is inverted so that it moves in a comparable direction to the other indices.