Business Tendency Surveys: Order Books: Economic Activity: Manufacturing: Current for India
BSOBLV02INQ460S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.00
Year-over-Year Change
14.29%
Date Range
4/1/2000 - 10/1/2024
Summary
The Business Tendency Surveys: Order Books: Economic Activity: Manufacturing: Current for India measures the current level of order books in the Indian manufacturing sector, providing insights into the overall economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator tracks the current level of order books or order volumes for manufacturing firms in India. It is a key metric used by economists and policymakers to assess the health and near-term outlook of the Indian industrial sector.
Methodology
The data is collected through survey responses from a sample of Indian manufacturing companies.
Historical Context
This trend is closely monitored by the Reserve Bank of India and other economic institutions to inform policy decisions.
Key Facts
- The survey has been conducted monthly since 2011.
- India is the world's fifth-largest manufacturing economy.
- Manufacturing accounts for about 16% of India's GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the current level of order books or order volumes for manufacturing firms in India, providing insight into the overall economic activity in the industrial sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by economists and policymakers to assess the health and near-term outlook of the Indian manufacturing industry, which is a key driver of the country's economic growth.
Q: How is this data collected or calculated?
A: The data is collected through monthly survey responses from a sample of Indian manufacturing companies.
Q: How is this trend used in economic policy?
A: The Reserve Bank of India and other economic institutions closely track this indicator to inform monetary and fiscal policy decisions aimed at supporting the industrial sector and broader economic growth.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of 4-6 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Business Tendency Surveys: Order Books: Economic Activity: Manufacturing: Current for India (BSOBLV02INQ460S), retrieved from FRED.