The industrial confidence indicator for Colombia stood at -4.3 in November 2025, down from October’s reading of 4.9 and marking an eighteen-month low. This decrease was primarily driven by weaker production expectations for the next quarter (-0.7 vs. 22.2 in October) and a decrease in stock levels (-0.4 vs. 0.4), while the volume of current orders worsened (-12.7 vs. -7.0). By comparison, the confidence indicator stood lower at -2.8 a year earlier.