The Davivienda Colombia Manufacturing PMI rose to 55.7 in June of 2022 from 53.9 in the previous month, pointing to the second strongest expansion in the manufacturing sector since data collection began in 2011. Colombian good producers saw business inflows surge to a 7-1/2-year high, attributed to a larger client base, growing demand, product diversification, and marketing. To meet rising demand, producers increased output levels at a pace not seen since January 2016, and efforts to expand production resulted in an unprecedented increase in staffing levels. Although signs of supply chain issues remained evident, the growth in both input and output prices eased to a 15-month low. Looking ahead, businesses were the most confident in ten months, as manufacturers hoped that uncertainty could calm after the presidential elections, while higher investment and quotations lifted optimism about output. source: Markit Economics
Manufacturing PMI in Colombia averaged 50.72 points from 2015 until 2022, reaching an all time high of 55.70 points in June of 2022 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 July of 2022.
Manufacturing PMI in Colombia is expected to be 54.00 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 50.00 points in 2023, according to our econometric models.