Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Colombia
COLPRMNTO01IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.54
Year-over-Year Change
-4.52%
Date Range
1/1/1990 - 2/1/2024
Summary
This economic trend measures the production volume in the manufacturing sector of Colombia. It provides valuable insights into the overall state of economic activity within the country's industrial base.
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 total output of manufactured goods in Colombia. It is a key indicator used by economists and policymakers to assess the health and momentum of the country's industrial economy.
Methodology
The data is collected through surveys of manufacturing firms and then aggregated into an index by Colombia's national statistics agency.
Historical Context
This trend is closely monitored by the Central Bank of Colombia and international institutions to inform monetary and fiscal policy decisions.
Key Facts
- Colombia is the fourth-largest economy in Latin America.
- Manufacturing accounts for about 12% of Colombia's GDP.
- The production volume index uses 2015 as the base year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total production volume in the manufacturing sector of Colombia. It tracks changes in the overall output of manufactured goods in the country.
Q: Why is this trend relevant for users or analysts?
A: The production volume index is a key indicator of the health and momentum of Colombia's industrial economy, providing valuable insights for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms in Colombia and then aggregated into an index by the country's national statistics agency.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Central Bank of Colombia and international institutions to inform monetary and fiscal policy decisions that aim to support the country's industrial and economic development.
Q: Are there update delays or limitations?
A: The production volume data is typically published with a 1-2 month delay, and the index may be subject to revisions as more complete information becomes available.
Related Trends
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Colombia
COLPRINTO01IXOBSAM
Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Other Deposit Takers for Colombia
COLFCBODDLNUM
Deposit Money Bank Assets to GDP for Colombia
DDDI02COA156NWDB
Use of Financial Services, Liabilities: Outstanding Deposits for Life Insurance at Insurance Corporations for Colombia
COLFCLOFILPXDC
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Electricity, Gas and Other Fuels for Colombia
COLCP040500IXOBQ
Production: Manufacturing: Consumer Goods: Total for Colombia
COLPRMNCG01IXOBM
Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Colombia (COLPRMNTO01IXOBSAM), retrieved from FRED.