Colombia’s industrial confidence indicator fell by 1.0 percentage point month-over-month to -2.9% in May 2026, signaling weaker sentiment in the manufacturing sector.

The decline was mainly driven by a 4.2 percentage points increase in inventory levels and a 2.1 percentage points drop in production expectations for the next quarter.

These negative factors were partly offset by a 3.1 percentage points increase in current order volumes.

Compared with May 2025, industrial confidence deteriorated by 9.0 percentage points.