Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Colombia
COLPRINTO01IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.51
Year-over-Year Change
10.01%
Date Range
1/1/1990 - 10/1/2023
Summary
This economic trend measures production volume in Colombia's industrial sector, excluding construction. It provides valuable insights into the overall state of economic activity and performance.
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 Production Volume index tracks changes in the output of Colombia's manufacturing, mining, and utilities industries. It is an important indicator of the country's industrial health and can inform policy decisions related to economic growth, trade, and investment.
Methodology
The data is collected through surveys of industrial producers and compiled by Colombia's national statistical agency.
Historical Context
Policymakers and analysts use this index to monitor the strength of Colombia's industrial base and assess the broader trajectory of the economy.
Key Facts
- Colombia is a major industrial economy in Latin America.
- Manufacturing accounts for over 12% of Colombia's GDP.
- The production volume index is published monthly.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume of Colombia's industrial sector, excluding construction. It tracks changes in output across manufacturing, mining, and utilities industries.
Q: Why is this trend relevant for users or analysts?
A: The production volume index is a key indicator of Colombia's overall economic performance and health of its industrial base, providing valuable insights for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial producers in Colombia and compiled by the country's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to monitor the strength of Colombia's industrial sector and assess broader economic conditions, which can inform decisions related to growth, trade, and investment.
Q: Are there update delays or limitations?
A: The production volume index is published monthly, with a relatively short delay, providing timely insight into Colombia's industrial activity.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Colombia (COLPRINTO01IXOBSAQ), retrieved from FRED.