attractive landscape in Colombia

Colombia PMI April 2018

Colombia: PMI climbs to 19-month high in April

The seasonally-adjusted Davivienda manufacturing Purchasing Managers Index (PMI) climbed to a 19-month high of 52.1 in April, up from 50.7 in March. The index therefore moved further up from the critical 50-point threshold that separates expansion from contraction in manufacturing output.

A faster pace of expansion in new orders was the principal factor behind the upturn in the headline print. Sales were up for the second month running and grew at the sharpest rate in over one-and-a-half years due to new product launches and higher demand from the domestic and external markets amid buoyant economic conditions. In response to increased demand, firms scaled up production and boosted their intake of workers. The upturn in workers was, however, insufficient in averting a rise in outstanding business. To meet the greater production requirements, manufacturers bought additional inputs.

While prices for inputs rose in April at the sharpest rate since October last year, inflation softened from the previous month. Business confidence remained high in April on the back of improved projections on sales growth, export opportunities, expansion into new markets, and improved advertising and product diversification.

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