The Davivienda Colombia Manufacturing PMI eased to 53.9 in May of 2022 from 54.4 in the previous month, as production and new orders rose softer, while the employment expansion also moderated. On top of that, there was a significant rise in input costs and the sharpest upturn in selling prices in six months. Meanwhile, lingering supply chain bottlenecks meant factories could not keep up, and the rate of backlog accumulation was steep and the second-highest in the survey history. Finally, business optimism got clouded by election uncertainty, input shortages, and soaring inflation. source: Markit Economics

Manufacturing PMI in Colombia averaged 50.66 points from 2015 until 2022, reaching an all time high of 55.50 points in September of 2021 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 June of 2022.

Manufacturing PMI in Colombia is expected to be 53.00 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.

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Colombia Davivienda Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 53.90 54.40 points May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
53.90 54.40 55.50 27.60 2015 - 2022 points Monthly
SA

News Stream
Colombia Factory Activity Growth Slows in May
The Davivienda Colombia Manufacturing PMI eased to 53.9 in May of 2022 from 54.4 in the previous month, as production and new orders rose softer, while the employment expansion also moderated. On top of that, there was a significant rise in input costs and the sharpest upturn in selling prices in six months. Meanwhile, lingering supply chain bottlenecks meant factories could not keep up, and the rate of backlog accumulation was steep and the second-highest in the survey history. Finally, business optimism got clouded by election uncertainty, input shortages, and soaring inflation.
2022-06-01
Colombia Manufacturing PMI at 5-Month High
The Davivienda Colombia Manufacturing PMI rose to 54.4 in April of 2022 from 52.1 in March, signaling the strongest improvement in the health of the sector since last November. Both production and new business increasing at faster rates. These developments contributed to the strongest upturn in jobs for eight months and a quicker rise in input buying. Meanwhile, rates of input cost and output charge inflation picked up to five and three-month highs respectively, and were among the strongest on record.
2022-05-02
Colombia Factory Activity Growth Edges up in March
The Davivienda Colombia Manufacturing PMI edged up to 52.1 in March of 2022 from 52 in the previous month. It was above the neutral 50.0 threshold for the ninth straight month, indicating an overall improvement in operating conditions. Output expanded at a stronger rate amid higher sales, strengthening demand conditions and improved client confidence. Similarly, factory orders expanded at the quickest rate in the year-to-date, owing to new bid awards, new client wins, the lifting of COVID-19 restrictions and improved demand. However, staff shortages, raw material scarcity and inflationary pressures restricted the expansions in production and sales. Employment rose, reflecting sustained increases in sales. On the price front,Input costs rose sharply again, with companies transferring part of this to consumers via hikes to output charges. Finally, business optimism weakened due to election, inflation and supply-chain concerns.
2022-04-01