Business Tendency Surveys (Manufacturing): Business Situation: Current: National Indicator for Colombia
COLBSBUCT02STM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.00
Year-over-Year Change
-19.89%
Date Range
1/1/1980 - 11/1/2023
Summary
This indicator measures the current business situation for manufacturing firms in Colombia, providing insight into the state of the country's industrial sector.
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
The Business Tendency Surveys (Manufacturing): Business Situation: Current: National Indicator for Colombia tracks the self-reported assessments of manufacturing companies on their current business conditions. It serves as an important barometer of economic activity and sentiment in the Colombian industrial landscape.
Methodology
The data is collected through monthly surveys of manufacturing firms in Colombia.
Historical Context
This indicator is used by policymakers, economists, and market analysts to gauge the health and trajectory of the Colombian economy.
Key Facts
- The indicator ranges from -100 to 100, with positive values signaling expansion and negative values indicating contraction.
- Colombia's manufacturing sector accounts for approximately 12% of the country's GDP.
- Surveys are conducted monthly, with the data released a few weeks after the reference period.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the current business situation for manufacturing firms in Colombia, providing insight into the state of the country's industrial sector.
Q: Why is this trend relevant for users or analysts?
A: This indicator serves as an important barometer of economic activity and sentiment in the Colombian industrial landscape, which is crucial for policymakers, economists, and market analysts to assess the health and trajectory of the Colombian economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing firms in Colombia.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers, economists, and market analysts to gauge the health and trajectory of the Colombian economy.
Q: Are there update delays or limitations?
A: Surveys are conducted monthly, with the data released a few weeks after the reference period.
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Citation
U.S. Federal Reserve, Business Tendency Surveys (Manufacturing): Business Situation: Current: National Indicator for Colombia (COLBSBUCT02STM), retrieved from FRED.