Business Tendency Surveys: Business Situation: Economic Activity: Manufacturing: Future Tendency for Colombia
COLBSBUFT02STSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.77
Year-over-Year Change
182.25%
Date Range
1/1/1980 - 12/1/2023
Summary
The Business Tendency Surveys: Business Situation: Economic Activity: Manufacturing: Future Tendency for Colombia measure Colombian manufacturers' expectations about their future 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 indicator tracks the sentiment of Colombian manufacturing firms regarding their anticipated future business conditions. It is a forward-looking measure that provides insights into the country's overall economic outlook.
Methodology
The data is collected through monthly surveys of a representative sample of Colombian manufacturing companies.
Historical Context
This trend is used by economists and policymakers to gauge the health of the Colombian economy and inform economic decision-making.
Key Facts
- The survey has been conducted monthly since 1980.
- The indicator ranges from 0 to 100, with values above 50 indicating an optimistic outlook.
- Colombia's manufacturing sector accounts for around 12% of the country's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the future tendency of economic activity in the manufacturing sector of Colombia, as reported by business survey respondents.
Q: Why is this trend relevant for users or analysts?
A: This forward-looking indicator provides insights into the anticipated health of the Colombian economy, which is useful for policymakers, investors, and other analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of a representative sample of Colombian manufacturing companies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to gauge the overall economic outlook and inform decision-making related to monetary policy, fiscal policy, and other economic interventions.
Q: Are there update delays or limitations?
A: There may be occasional delays in the release of the monthly survey data, and the sample size or methodology could limit the precision of the results.
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Citation
U.S. Federal Reserve, Business Tendency Surveys: Business Situation: Economic Activity: Manufacturing: Future Tendency for Colombia (COLBSBUFT02STSAM), retrieved from FRED.