The Davivienda Colombia Manufacturing PMI fell to 50.4 in September 2020 from 51.2 in the previous month. The reading pointed to the fourth successive expansion in factory activity, albeit at a slower rate amid the ongoing coronavirus pandemic. Output growth slowed to a four-week low, while new orders dropped for the second straight month but at a softer rate. At the same time, employment broadly stabilized as some firms reduced payroll numbers while others hired extra workers amid greater production needs. On the price front, input price inflation quickened and surpassed the long-run series average amid a stronger US dollar and shortages of raw materials, while output cost inflation eased to a four-month low. Lastly, sentiment improved to a seven-month high lifted by hopes that a reduction in coronavirus cases will lead to softer restrictions and subsequently boost demand. source: Markit Economics

Manufacturing Pmi in Colombia averaged 50.06 points from 2015 until 2020, 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 October of 2020.

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 52.30 in 12 months time. In the long-term, the Colombia Davivienda Manufacturing PMI is projected to trend around 52.50 points in 2021 and 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
50.40 51.20 54.70 27.60 2015 - 2020 points Monthly
SA


News Stream
Colombia Factory Activity Grows at a Softer Pace in September
The Davivienda Colombia Manufacturing PMI fell to 50.4 in September 2020 from 51.2 in the previous month. The reading pointed to the fourth successive expansion in factory activity, albeit at a slower rate amid the ongoing coronavirus pandemic. Output growth slowed to a four-week low, while new orders dropped for the second straight month but at a softer rate. At the same time, employment broadly stabilized as some firms reduced payroll numbers while others hired extra workers amid greater production needs. On the price front, input price inflation quickened and surpassed the long-run series average amid a stronger US dollar and shortages of raw materials, while output cost inflation eased to a four-month low. Lastly, sentiment improved to a seven-month high lifted by hopes that a reduction in coronavirus cases will lead to softer restrictions and subsequently boost demand.
2020-10-01
Colombia Factory Activity Expands at a Softer Pace in August
The Davivienda Colombia Manufacturing PMI declined to 51.2 in August 2020 from 54.2 in the previous month. The latest reading pointed to the second consecutive expansion in the factory sector, albeit at a softer rate as demand weakened amid the ongoing coronavirus pandemic. Output growth slowed and new orders continued to drop amid subdued demand conditions and ongoing client business closures. The job shedding rate quickened mainly as firms noted a fall in revenues and cost-saving initiatives. On the price front, input prices rose driven by higher cost of raw materials, unfavourable exchange rate movements and shortage of supplier goods and output charges continued to increase albeit at a softer pace. Lastly, sentiment improved boosted by hopes that the easing of virus-related restrictions will continue and optimism over new client wins.
2020-09-01
Colombia Factory Activity Grows for 2nd Month
The Davivienda Colombia Manufacturing PMI dropped to 54.2 in July of 2020 from 54.7 in the previous month, but still signaled further improvement in the health of the manufacturing sector. Both output and new orders strengthened for the second month running and purchasing activity increased, as the economy continued to reopen. However, workforce numbers were cut for the fourth straight month, amid efforts to reduce excess capacity. Also, the outlook for future activity worsened for the first time in three months amid worries over the ongoing growth in virus cases and a possible return to lockdown. On the price front, both input prices and output charges remained sharp.
2020-08-03
Colombia Factory Activity Returns to Growth in June
The seasonally adjusted Davivienda Colombia Manufacturing PMI increased to 54.7 in June from 37.2 in the previous month. The latest reading pointed to the first expansion in factory activity in four months and the sharpest since May 2011, amid the easing of coronavirus lockdown restrictions. Output rose for the first time since February and new orders increased at the sharpest pace in nearly two years, as several businesses resumed operations following closures due to the pandemic. The job shedding rate eased while purchasing activity expanded for the first time in four months and at the fastest pace in six-and-a-half years. On the price front, input cost inflation slowed from May’s 55-month high and output prices accelerated to an over three-year high. Finally, sentiment improved to a four-month high amid hopes of a recovery in sales following government measures to reopen the economy.
2020-07-01

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.