The Davivienda Colombia Manufacturing PMI eased to 53.2 in August of 2021 from 54.2 in the previous month, but still indicating a solid rate of expansion. New orders, output and employment grew further. At the same time, sustained efforts to lift inventories underpinned another strong expansion in input buying. Meanwhile, there was an intensification of capacity pressure among Colombian goods producers, with backlogs of work rising at a record pace. On the price front, inflationary pressures persisted, mainly attributed to raw material scarcity, unfavourable exchange rates, logistical issues and a lack of container availability. Looking forward, business sentiment remained positive, supported by the launch of new product lines, advertising, quotations pending approval and planned expansions into new markets. source: Markit Economics
Manufacturing PMI in Colombia averaged 50.30 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 September of 2021.
Manufacturing PMI in Colombia is expected to be 52.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Davivienda Manufacturing PMI is projected to trend around 53.00 points in 2022, according to our econometric models.