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Colombia PMI January 2024

Colombia: Manufacturing PMI rises in January

The Davivienda and S&P Global Manufacturing Purchasing Managers’ Index (PMI) improved to 55.1 in January from 52.0 in December. January’s result was the best since June 2022. As a result, the index moved further above the 50.0 no-change threshold and signaled a faster improvement in manufacturing sector operating conditions compared to the previous month.

January’s upturn reflected stronger increases in factory orders, production and stocks of purchases. New orders saw the steepest rise since April 2011—when the series began—and there was an unprecedented increase in input inventories. Moreover, job creation accelerated from the prior month.

Turning to prices, input costs rose at the fastest rate since May 2023, and subsequently, output charges also rose at a quicker pace. Lastly, business confidence increased to a five-month high.

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