Production: Manufacturing: Consumer Goods: Total for Colombia
Monthly, Seasonally Adjusted
COLPRMNCG01IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.88
Year-over-Year Change
-0.55%
Date Range
1/1/2001 - 12/1/2018
Summary
The 'Monthly, Seasonally Adjusted' trend measures production of non-durable consumer goods, providing insight into consumer demand and overall 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 index tracks the monthly production of non-durable consumer goods, such as food, clothing, and household items. It is a key indicator of consumer spending patterns and broader economic conditions.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing facilities.
Historical Context
This index is closely watched by economists, policymakers, and market analysts as a timely gauge of consumer activity and confidence.
Key Facts
- The index is published monthly by the Federal Reserve.
- It covers over 3,000 manufacturing facilities across the U.S.
- The data is seasonally adjusted to account for typical annual patterns.
FAQs
Q: What does this economic trend measure?
A: This index tracks the monthly production of non-durable consumer goods, such as food, clothing, and household items, providing insight into consumer demand.
Q: Why is this trend relevant for users or analysts?
A: The non-durable goods production index is a key indicator of consumer spending patterns and broader economic conditions, closely watched by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of over 3,000 manufacturing facilities across the country.
Q: How is this trend used in economic policy?
A: This index is used by policymakers, central banks, and market analysts to gauge consumer demand and overall economic activity, informing decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The index is published monthly by the Federal Reserve with minimal delay, providing timely data on non-durable goods production.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (COLPRMNCG01IXOBSAM), retrieved from FRED.