Colombia PMI September 2019

Colombia

Colombia: Manufacturing PMI edges up in September

October 1, 2019

Business conditions in Colombia’s manufacturing sector continued to improve in September. The seasonally-adjusted Davivienda manufacturing Purchasing Managers Index inched up from 50.3 in August to 50.9 in September, thus marking the third consecutive month that the index remains above the critical 50-threshold separating expansion from contraction.

Renewed increase in new orders, coupled with a stronger upturn in output, drove the index higher in September. Firms reported a pick-up in demand amid successful marketing efforts, although the upturn in sales was only slight. Meanwhile, the pace of job creation reached its fastest pace in one year as manufacturers scrambled to fulfil outstanding business. On the price front, a weaker peso led to higher input cost inflation, which led to manufacturers to increase output prices. Meanwhile, the one-year business outlook rose further into positive territory in September.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 4.0% in 2019, which is unchanged from last month’s forecast. For 2020, panelists expect fixed investment to grow 4.2%, which is unchanged from last month’s forecast.


Author:, Economist

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Colombia PMI September 2019 0

Note: Purchasing Managers’ Index. Readings above 50 indicate an expansion in business conditions while readings below 50 point to a contraction.
Source: Davivienda and IHS Markit.


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