attractive landscape in Colombia

Colombia PMI March 2023

Colombia: Manufacturing PMI points to start of recovery in June

The seasonally-adjusted Davivienda manufacturing Purchasing Managers’ Index (PMI) rose by over 17 points in June, recovering after the worst readings on record in April and May. The PMI jumped to 57.4, crossing the crucial 50-threshold and indicating an expansion in the manufacturing sector (May: 37.2). The result suggests that the sector is beginning to recover from the sharp downturn due to lockdown restrictions and a halt in the global economy amid the coronavirus pandemic.

Rebounds in new orders and output drove June’s improvement, as businesses restarted operations. However, higher backlogs of work were also recorded in the month as some manufactures struggled to produce amid input shortages from the pandemic. Firms also continued to shed jobs, however, at a soft pace. Meanwhile, business sentiment hit a four-month high in June.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest