Business Tendency Surveys: Business Situation: Economic Activity: Construction: Tendency for Colombia
COLBCBUTE02STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-28.21
Year-over-Year Change
3594.87%
Date Range
1/1/1991 - 1/1/2025
Summary
This economic trend measures the business tendency for construction activity in Colombia, providing insight into the overall health of the country's construction sector.
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 Business Tendency Surveys: Business Situation: Economic Activity: Construction: Tendency for Colombia tracks the perception of construction companies regarding the current state of their economic activity. This metric is a valuable leading indicator for the Colombian economy, as the construction industry is a key driver of growth.
Methodology
The data is collected through surveys of construction firms in Colombia.
Historical Context
Policymakers and economists closely monitor this trend to gauge the trajectory of the Colombian economy.
Key Facts
- Colombia is the fourth-largest economy in Latin America.
- The construction industry accounts for over 5% of Colombia's GDP.
- Business tendency surveys are leading indicators of economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the business tendency or sentiment of construction companies in Colombia regarding their current economic activity.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the health of the construction industry, which is a key driver of economic growth in Colombia.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms in Colombia.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to gauge the trajectory of the Colombian economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but may be subject to minor delays in reporting.
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Citation
U.S. Federal Reserve, Business Tendency Surveys: Business Situation: Economic Activity: Construction: Tendency for Colombia (COLBCBUTE02STSAQ), retrieved from FRED.