In November 2025, the Davivienda Manufacturing PMI for Colombia slightly decreased to 54 from October's 54.8, but this still indicates a strong expansion in the manufacturing sector. Output experienced one of its most significant increases in three-and-a-half years, following a record-setting rise in October. New orders surged at their quickest rate since August, driving companies to increase their input purchases and rebuild inventories. Employment also saw a boost, with hiring rates climbing to their highest level since August. Although input costs continued to rise, the increase was considerably below the long-term average, by more than nine points. Selling prices declined slightly for the second consecutive month, as eased cost pressures and market competition led to more discounting. Furthermore, business confidence improved markedly, hitting its highest point in over four years.