Business Tendency Surveys (Manufacturing): Production: Tendency: National Indicator for Colombia
COLBSPRTE02STM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.73
Year-over-Year Change
-408.26%
Date Range
1/1/1980 - 11/1/2023
Summary
The Business Tendency Surveys (Manufacturing): Production: Tendency: National Indicator for Colombia measures the outlook for manufacturing production in the country. This forward-looking indicator provides valuable insights into the health and trajectory of the Colombian 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
This series tracks executives' assessments of their company's current and expected manufacturing production levels. It serves as an important barometer of business confidence and a leading indicator of future economic activity in Colombia's manufacturing industry.
Methodology
The data is collected through surveys of purchasing managers and other business leaders across the Colombian manufacturing sector.
Historical Context
Policymakers and analysts closely monitor this indicator to gauge the performance and near-term outlook of the Colombian economy.
Key Facts
- The indicator is published monthly by the Colombian statistical agency.
- A value above 50 signals expansion in manufacturing production.
- The series dates back to 2008 and provides a long-running historical perspective.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks executives' assessments of current and expected manufacturing production levels in Colombia.
Q: Why is this trend relevant for users or analysts?
A: As a forward-looking measure of business confidence, this indicator provides valuable insights into the health and trajectory of Colombia's industrial sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of purchasing managers and other business leaders across the Colombian manufacturing industry.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this indicator to gauge the performance and near-term outlook of the Colombian economy.
Q: Are there update delays or limitations?
A: The indicator is published monthly, providing timely insights into the manufacturing sector.
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Citation
U.S. Federal Reserve, Business Tendency Surveys (Manufacturing): Production: Tendency: National Indicator for Colombia (COLBSPRTE02STM), retrieved from FRED.