Business Tendency Surveys: Production: Economic Activity: Manufacturing: Tendency for Colombia
COLBSPRTE02STSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.16
Year-over-Year Change
39.60%
Date Range
1/1/1980 - 12/1/2023
Summary
The Business Tendency Surveys: Production: Economic Activity: Manufacturing: Tendency for Colombia tracks the manufacturing production outlook in Colombia. It provides valuable insight into the health and direction of the Colombian economy.
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 survey-based indicator captures the tendency or sentiment of manufacturing companies in Colombia regarding their production outlook. It is a leading indicator used by economists and policymakers to anticipate changes in economic activity.
Methodology
The data is collected through a monthly survey of manufacturing firms in Colombia.
Historical Context
Policymakers and market analysts monitor this indicator to assess the near-term outlook for the Colombian economy.
Key Facts
- Colombia is the fourth-largest economy in Latin America.
- Manufacturing accounts for over 12% of Colombia's GDP.
- This survey has been conducted monthly since 1980.
FAQs
Q: What does this economic trend measure?
A: The Business Tendency Surveys: Production: Economic Activity: Manufacturing: Tendency for Colombia tracks the manufacturing production outlook in Colombia.
Q: Why is this trend relevant for users or analysts?
A: This survey-based indicator provides valuable insight into the health and direction of the Colombian economy, making it a useful leading indicator for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of manufacturing firms in Colombia.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts monitor this indicator to assess the near-term outlook for the Colombian economy.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Business Tendency Surveys: Production: Economic Activity: Manufacturing: Tendency for Colombia (COLBSPRTE02STSAM), retrieved from FRED.