Production: Manufacturing: Consumer Goods: Total for Colombia
COLPRMNCG01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.15
Year-over-Year Change
-0.39%
Date Range
1/1/2001 - 12/1/2018
Summary
This economic indicator measures the total production of consumer goods in the manufacturing sector of Colombia. It provides insight into the strength and trends of Colombian consumer demand and manufacturing output.
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 Production: Manufacturing: Consumer Goods: Total for Colombia series tracks the volume of manufacturing production for consumer-oriented goods in Colombia. This metric is a key indicator of domestic consumption and the health of the country's manufacturing industry.
Methodology
The data is collected through surveys of manufacturing facilities and compiled by Colombia's National Administrative Department of Statistics.
Historical Context
This production index is used by policymakers, analysts, and businesses to assess Colombian economic conditions and consumer trends.
Key Facts
- Colombia is the fourth-largest economy in Latin America.
- Manufacturing accounts for around 12% of Colombia's GDP.
- Consumer goods make up about half of total manufacturing output.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total volume of manufacturing production for consumer-oriented goods in Colombia, providing insight into domestic consumption and the health of the country's manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important barometer of the Colombian economy, as it reflects both consumer demand and the performance of the manufacturing sector, which are key drivers of overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing facilities and compiled by Colombia's National Administrative Department of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and businesses use this production index to assess Colombian economic conditions and consumer trends, which informs decision-making and policy responses.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be slight delays in reporting due to the time required to collect and compile the survey information from manufacturing facilities.
Related Trends
Infra-Annual Labor Statistics: Employment Rate Female: 15 Years or over for Colombia
COLLREMTTFESTSAM
Balance of Payments: Current account balance (credit less debit) for Colombia
COLBCAGDPBP6
International Trade: Imports: Value (Goods): Total for Colombia
COLXTIMVA01STSAQ
Percentage of Foreign Bank Assets Among Total Bank Assets for Colombia
DDOI14COA156NWDB
Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: 15 Years or over for Colombia
COLLFINTTMASTM
Outstanding Domestic Private Debt Securities to GDP for Colombia
DDDM03COA156NWDB
Citation
U.S. Federal Reserve, Production: Manufacturing: Consumer Goods: Total for Colombia (COLPRMNCG01IXOBM), retrieved from FRED.