Davivienda Colombia Manufacturing PMI Rose in June
(Bloomberg) -- Colombia's manufacturing industry improved to the
greatest level in nearly two-and-a-half years in June. The
seasonally adjusted Davivienda Colombia Manufacturing PMI rose
to 53.0 in June, up from 51.1 in May. The June figure was the
highest since January 2016.
New orders rose to a 21-month high on improved economic
conditions and stronger demand.
“Growth of output, new orders and employment all gathered pace,
driven by the ongoing strength of the domestic market,”
Pollyanna De Lima, Principal Economist at IHS Markit, said in
In light of robust business conditions, manufacturers increased
hiring in June, with the job creation index quickening to the
fastest level in nearly two-and-a-half years. Payrolls expanded
for the fifth month in a row after a year of soft employment
Colombian manufacturers output prices rose at a soft pace as
they were reluctant to pass on higher input prices. Input cost
inflation accelerated to the highest level in eight months. In
particular, manufacturers indicated having paid more for
chemicals, metals, plastics and textiles.
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