Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Colombia
COLPRMNTO01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.99
Year-over-Year Change
-2.25%
Date Range
1/1/1990 - 2/1/2024
Summary
This economic trend measures manufacturing production volume in Colombia, a key indicator of the country's industrial activity and economic health.
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, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Colombia index tracks changes in the physical volume of goods produced by the Colombian manufacturing sector. It is an important barometer of the overall state of the Colombian economy.
Methodology
The data is collected through surveys of manufacturing firms and compiled by the statistical agency of Colombia.
Historical Context
Policymakers and analysts use this index to assess the performance and outlook of Colombia's industrial base.
Key Facts
- Colombia is the fourth-largest economy in Latin America.
- Manufacturing accounts for around 12% of Colombia's GDP.
- This index has been tracked since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the physical volume of goods produced by the manufacturing sector in Colombia, providing insight into the overall level of industrial activity in the country.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing production index is a key indicator of the health and trajectory of Colombia's economy, helping policymakers and investors assess the performance and outlook of the industrial base.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms in Colombia and compiled by the country's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to gauge the strength of Colombia's industrial sector and inform decisions related to monetary policy, trade, and economic development strategies.
Q: Are there update delays or limitations?
A: The manufacturing production index for Colombia is published on a monthly basis, with a short delay between the reference period and the release of the data.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Colombia (COLPRMNTO01IXOBM), retrieved from FRED.