Business Tendency Surveys (Manufacturing): Orders Inflow: Tendency: National Indicator for Colombia
COLBSOITE02STM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.84
Year-over-Year Change
-15.09%
Date Range
1/1/1980 - 11/1/2023
Summary
This economic indicator measures the tendency of order inflow for manufacturing businesses in Colombia. It provides insight into the overall health and direction of the country's manufacturing 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 (Manufacturing): Orders Inflow: Tendency: National Indicator for Colombia tracks the direction of new orders received by Colombian manufacturing firms. It is a leading indicator used to assess the current and future state of the manufacturing industry.
Methodology
The data is collected through surveys of manufacturing businesses across Colombia.
Historical Context
This indicator is closely monitored by policymakers and economists to gauge the strength of the Colombian economy.
Key Facts
- Colombia is a major manufacturing hub in Latin America.
- The orders inflow indicator tracks new orders received by Colombian manufacturers.
- This data helps policymakers assess the health of the Colombian economy.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the tendency of order inflow for manufacturing businesses in Colombia. It provides insight into the overall direction and health of the country's manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This indicator is a leading measure of manufacturing activity in Colombia, which is a key driver of the country's economic growth. It is closely monitored by policymakers and economists to gauge the strength of the Colombian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing businesses across Colombia.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers and economists to assess the current and future state of the Colombian manufacturing industry, which has important implications for the country's overall economic performance.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Business Tendency Surveys (Manufacturing): Orders Inflow: Tendency: National Indicator for Colombia (COLBSOITE02STM), retrieved from FRED.