Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Colombia
Quarterly
COLCP030000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.35
Year-over-Year Change
11.74%
Date Range
1/1/2009 - 7/1/2023
Summary
The Quarterly Productivity Index measures changes in labor productivity for the U.S. nonfarm business sector. It is a key economic indicator used by policymakers and analysts to assess trends in productivity growth.
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 Quarterly Productivity Index tracks changes in output per hour worked in the U.S. nonfarm business sector on a quarterly basis. It is a widely followed measure of productivity that provides insights into the economy's efficiency and competitiveness.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
The Quarterly Productivity Index helps inform monetary and fiscal policy decisions by the Federal Reserve and other economic policymakers.
Key Facts
- The index uses 2012 as the base year.
- Productivity growth is a key driver of long-term economic expansion.
- The index is released quarterly, about two months after the end of each quarter.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Productivity Index measures changes in labor productivity for the U.S. nonfarm business sector, tracking output per hour worked.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a critical driver of long-term economic expansion, so the Quarterly Productivity Index provides valuable insights for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Quarterly Productivity Index helps inform monetary and fiscal policy decisions by the Federal Reserve and other economic policymakers.
Q: Are there update delays or limitations?
A: The index is released quarterly, about two months after the end of each quarter.
Related Trends
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NMCOLA475SCEN
Use of Financial Services Deposit Accounts: Household Accounts at Credit Unions and Financial Cooperatives for Colombia
COLFCAODUHNUM
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COLCSESFT02STSAM
Number of Identified Exporters to Colombia from Mississippi
MSCOLA475SCEN
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COLXTNTVA01CXMLSAM
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COLFCNODUSNUM
Citation
U.S. Federal Reserve, Quarterly Productivity Index (COLCP030000IXNBQ), retrieved from FRED.