The Davivienda Colombia Manufacturing PMI fell to 49.9 in December 2024, from November's ten-month high of 53.4, signaling a near stabilization. A marginal decline in new business intakes for the first time in three months prompted firms to reduce output volumes. Payroll numbers remained mostly stable, while input purchasing activity increased at the slowest pace in three months. On the price front, input cost inflation rose to a three-month high, driven by a depreciating currency, although it remained below the long-term trend. Average charges rose at a marginal pace that was the slowest since July amid competitive conditions. Lastly, sentiment remained positive overall but optimism waned due to concerns over the entry of Chinese products into Colombia, public policy uncertainty and a lack of disposable income among households. source: S&P Global

Manufacturing PMI in Colombia decreased to 49.90 points in December from 53.40 points in November of 2024. Manufacturing PMI in Colombia averaged 50.59 points from 2015 until 2024, 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.

Manufacturing PMI in Colombia decreased to 49.90 points in December from 53.40 points in November of 2024. Manufacturing PMI in Colombia is expected to be 51.50 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 52.00 points in 2026, according to our econometric models.




Related Last Previous Unit Reference
Business Confidence -2.80 -0.40 points Nov 2024
Capacity Utilization 78.90 78.70 percent Sep 2024
Car Registrations 16498.00 16497.00 Units Aug 2024
Cement Production YoY 1122341.41 1180815.16 Tonnes Nov 2024
Corruption Index 40.00 39.00 Points Dec 2023
Corruption Rank 87.00 91.00 Dec 2023
Industrial Production YoY -0.80 1.10 percent Nov 2024
Industrial Production Mom 0.30 1.80 percent Nov 2024
ISE Economic Activity YoY 2.94 1.07 percent Oct 2024
Total Vehicle Sales 5379.00 4587.00 Units Nov 2024

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. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.


News Stream
Colombia Factory Activity Broadly Stagnant
The Davivienda Colombia Manufacturing PMI fell to 49.9 in December 2024, from November's ten-month high of 53.4, signaling a near stabilization. A marginal decline in new business intakes for the first time in three months prompted firms to reduce output volumes. Payroll numbers remained mostly stable, while input purchasing activity increased at the slowest pace in three months. On the price front, input cost inflation rose to a three-month high, driven by a depreciating currency, although it remained below the long-term trend. Average charges rose at a marginal pace that was the slowest since July amid competitive conditions. Lastly, sentiment remained positive overall but optimism waned due to concerns over the entry of Chinese products into Colombia, public policy uncertainty and a lack of disposable income among households.
2025-01-02
Colombia Manufacturing PMI Hits 10-Month High
The Davivienda Colombia Manufacturing PMI rose to 53.4 in November 2024 from 52.3 in October, signaling the strongest improvement in manufacturing conditions since January. This growth was driven by a significant upturn in new orders, the fastest since January, and a sharp increase in production, marking the highest expansion in ten months. A reduction in inflation and interest rates contributed to stronger demand, supporting sales and boosting output volumes. Input cost pressures eased, leading to a slower increase in factory gate charges. Employment showed tentative improvement, marking a fractional rise after four months of job cuts. Manufacturers also increased inventories in anticipation of continued favorable demand. Optimism for the year ahead surged, with companies expecting growth driven by investment, process improvements, and enhanced productivity.
2024-12-02
Colombia Factory Activity Rebounds Sharply
The Davivienda Colombia Manufacturing PMI picked up to 52.3 in October 2024 from 48.1 in September, pointing to a renewed expansion in the country's factory activity after two straight months of declines. It was also the best reading since January this year, as companies scaled up production volumes and increased purchasing activity in response to a significant rise in new orders. Meanwhile, employment decreased further, but the latest fall was fractional and the slowest in the current four-month sequence of contraction. On the price front, cost pressures receded to their weakest since July but selling prices were raised to the greatest extent in nearly a year-and-a-half. Lastly, business optimism rose to an eight-month high, driven by pending contract authorizations, product diversification, increased investment, and expectations of improved economic conditions.
2024-11-01