Colombia IHS Markit Manufacturing Index Rebounds in July
(Bloomberg) -- Amid global manufacturing turmoil, Colombia's
industry rebounded in July to the fastest pace of growth this
The sector has been turbulent -- contracting during the first
three months of the year -- positive in April and May before the
contracting again in June.
The seasonally adjusted Davivienda Colombia Manufacturing Index
rose to 51.5 in July -- matching the December 2018 pace.
“Factories in Colombia started the third quarter of 2019 on the
right foot, lifting production, input purchasing and employment
in response to renewed sales growth. Data for July are in stark
contrast to June, when all of the aforementioned measures were
in contraction territory,” said Pollyanna De Lima, economist at
Output and new orders both increased by more than three-points,
marking the sharpest increase for the two sectors in aggregate
since February 2018. In 100 months of survey data, the two
sectors together have only grown faster twice.
“The welcoming news compares with weaknesses in other fellow
Latin American nations, with PMI data showing falling output
across Brazil and Mexico,” De Lima said.
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