Business Tendency Surveys (Manufacturing): Order Books: Level: National Indicator for Colombia
COLBSOBLV02STM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5.72
Year-over-Year Change
-391.84%
Date Range
1/1/1980 - 11/1/2023
Summary
The Business Tendency Surveys (Manufacturing): Order Books: Level: National Indicator for Colombia tracks the current state of order book levels in the Colombian manufacturing sector, providing insights into production and 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 indicator measures the order book levels of manufacturing firms in Colombia, reflecting the current state of production and demand. It is used by economists and policymakers to assess the health of the Colombian industrial sector and overall economic conditions.
Methodology
The data is collected through monthly surveys of manufacturing firms in Colombia.
Historical Context
This indicator helps inform monetary and fiscal policy decisions in Colombia.
Key Facts
- Colombia is a major manufacturing hub in Latin America.
- Order book levels signal future production and sales expectations.
- This indicator is closely watched by the Central Bank of Colombia.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the current order book levels of manufacturing firms in Colombia, providing insights into production and demand conditions in the industrial sector.
Q: Why is this trend relevant for users or analysts?
A: The order book level is a key indicator of the health of the Colombian manufacturing industry and overall economic activity, making it important for policymakers, investors, and analysts.
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 helps inform monetary and fiscal policy decisions in Colombia, as it provides insights into the current state of the industrial sector and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a short delay. There may be limitations in terms of survey response rates or changes to the underlying methodology over time.
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Citation
U.S. Federal Reserve, Business Tendency Surveys (Manufacturing): Order Books: Level: National Indicator for Colombia (COLBSOBLV02STM), retrieved from FRED.