FX.co ★ Colombia Manufacturing PMI Hits 10-Month Low

In January 2026, Colombia's Davivienda Manufacturing PMI dropped to 50.0 from December's 52.6, marking a ten-month low and signaling stable business conditions. Although new orders continued to expand, the growth was minimal, and factory output increased for the tenth consecutive month, albeit at its slowest rate in the period. Output prices surged at a six-month high, although they remained below the long-term average, as input costs rose for the 27th consecutive month at the quickest rate seen since mid-2025. Amidst these cost pressures, companies reduced employment for the first time in seven months. Additionally, purchasing activity and input inventories saw a decline. Backlogs remained steady. Business confidence decreased to a three-month low but still stayed above its historical average, buoyed by strategic investments, efficiency improvements, and plans for new products.