Business Tendency Surveys: Order Books: Economic Activity: Manufacturing: Current for Colombia
COLBSOBLV02STSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.95
Year-over-Year Change
12.51%
Date Range
1/1/1980 - 12/1/2023
Summary
The Business Tendency Surveys: Order Books: Economic Activity: Manufacturing: Current for Colombia measures the current state of order books in the Colombian manufacturing sector, providing insights into 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 current level of order books as reported by manufacturing firms in Colombia. It is a leading economic indicator used to assess the health and trajectory of the country's industrial production and broader economic conditions.
Methodology
The data is collected through monthly surveys of manufacturing companies in Colombia.
Historical Context
Policymakers and analysts monitor this indicator to gauge the near-term outlook for the Colombian economy.
Key Facts
- Colombia is a major industrial economy in Latin America.
- Manufacturing accounts for over 12% of Colombia's GDP.
- Order books are a leading indicator of future production and sales.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the current level of order books reported by manufacturing firms in Colombia, providing insights into the state of economic activity in the industrial sector.
Q: Why is this trend relevant for users or analysts?
A: This leading indicator is closely watched by policymakers and economists to assess the near-term outlook for the Colombian economy and guide policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing companies in Colombia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this indicator to gauge the health of the Colombian industrial sector and broader economic conditions, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a short publication lag, providing timely insights into the state of Colombia's manufacturing sector.
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Citation
U.S. Federal Reserve, Business Tendency Surveys: Order Books: Economic Activity: Manufacturing: Current for Colombia (COLBSOBLV02STSAM), retrieved from FRED.