/PMI Davivienda Index, with less growth
PMI Davivienda Index, with less growth

PMI Davivienda Index, with less growth

PIB

Input costs such as factory prices rose at a slower pace, although inflation rates remained at historically high levels.

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January 03, 2022 – 9:15 p.m. m.

2022-01-03

2022-01-03

Despite the improvement in demand conditions , Colombia’s production growth practically stagnated in December, when industrialists again experienced problems in obtaining raw materials, according to the PMI Purchasing Management Index of the Colombian industrial sector of Davivienda.

The bank said that in an attempt to protect itself against shortages in the coming months, and anticipating a new increase in prices, the companies increased their purchases of inputs. Relative to prices, both input costs and factory prices rose at a slower pace, although inflation rates remained at historically high levels.

The PMI Purchasing Management Index of the Colombian industrial sector of Davivienda, adjusted for seasonal factors, reached 53.1 points in December and once again reflected an improvement in the conditions of sector businesses.

Although the main figure fell from the 54.9 points in November, remained above the long-term average, calculated at 50.9 points . New orders, the most weighted subcomponent of PMI, advanced at a faster pace in December. Thus, companies linked the rally in sales with increased customer requests and overall improvement in demand.

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