Production: Manufacturing: Investment Goods: Total for Colombia
COLPRMNVG01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.08
Year-over-Year Change
5.45%
Date Range
1/1/2001 - 12/1/2018
Summary
This economic trend measures the total production of investment goods in the manufacturing sector of Colombia. It is a key indicator of a country's industrial output and capital investment.
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: Manufacturing: Investment Goods: Total for Colombia index tracks the overall production of capital equipment, machinery, and other investment-oriented goods produced by Colombia's manufacturing industries. This metric is closely watched by economists and policymakers to gauge the health of the country's industrial base and investment climate.
Methodology
The data is collected through surveys of manufacturing companies and compiled by Colombia's national statistics agency.
Historical Context
This production index is used to inform monetary and fiscal policies aimed at stimulating or managing Colombia's industrial growth and investment levels.
Key Facts
- Colombia is a major manufacturing economy in Latin America.
- Investment goods account for over 20% of Colombia's total manufacturing output.
- The investment goods production index is a leading indicator of the country's economic growth.
FAQs
Q: What does this economic trend measure?
A: This index tracks the total production of investment goods, such as machinery, equipment, and other capital goods, within Colombia's manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: The investment goods production index is a key indicator of a country's industrial capacity, capital investment, and economic growth prospects.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing companies in Colombia and compiled by the national statistics agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to inform monetary, fiscal, and industrial policies aimed at stimulating investment and growth in Colombia's manufacturing sector.
Q: Are there update delays or limitations?
A: The investment goods production index is published on a monthly basis, but there may be a 1-2 month delay in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Investment Goods: Total for Colombia (COLPRMNVG01IXOBM), retrieved from FRED.