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Data Change: Venezuela - IPI - Rebased to 2007
Monday, 29 Jul 2019 09:13 ET
By Keith Golden
Summary
July 2019 -- For the industrial production index for Venezuela, concurrent with dissemination of results for January 2019, the source has advanced the base year from 1997 to 2007 (17 monthly series 1994 to 2013, replaced by 74 series from 2007; 17 defunct series 1997 to 2013).
Detail

After a five-year hiatus, the source has resumed reporting these indicators.

In response, we have:

  1. Archived the 17 predecessors (1997=100, 1994m1 to 2013m9) by renaming with an "_97" specifier, marking metadata as "discontinued", and segregating in the catalog.
  2. Created replacements (2007=100, 37 series from 2007m1).
  3. Added value index (2007=100, 37 series from 2007m1).
  4. For history, added predecessors of IPI by value (17 defunct series, 1997m1 to 2013m9).
  5. Synchronized our SA supplements for the general index (two series).
  6. Refurbished the catalog.

Reported dataset properties:

  • Classification: ISIC Rev. 4 at mix of two- and three-digit levels and aggregates
  • Measurements: 
    • Fixed-base value index relate to 2007 (Index 2007=100)
    • Fixed-base volume index relate to 2007 (Vol. Index 2007=100)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequency: Monthly
  • Start date: 2007m1
  • Series count: 74

The series reside in the historical catalog (Venezuela » Industry » Industrial production index » 2007=100) and include, for example:

  • IPITTUM.IVEN    = Industrial production index: General index, (Index 2007=100, NSA)
  • IPJ1072UM.IVEN  = Industrial production index: Sugar processing, (Vol. Index 2007=100, NSA)

Defunct dataset 1:

  • Classification: ISIC Rev. 3 at two-digit level
  • Measurement: Value index relative to 1997 (Index 1997=100)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequency: Monthly
  • Date range: 1997m1 to 2013m9
  • Series count: 17

The series reside in the historical catalog (Venezuela » Industry » Industrial production index » 1997=100 [DISCONTINUED]) and include, for example:

  • IPITT_97UM.IVEN = [DISCONTINUED] Industrial production index: General index, (Index 1997=100, NSA)
  • IPI28_97UM.IVEN = [DISCONTINUED] Manufacture of fabricated metal products, (Index 1997=100, NSA)

Because catalog locations are subject to change, the upper-right search box on DataBuffet.com provides a "find in catalog" mode that accepts a mnemonic.

Please be aware that

Conventionally, industrial production is deflated, which is a "volume index".

Previously we only harvested the industrial production index by volume and named them using the prefix "IPI·". Now that we harvest both volume and value, we differentiate mnemonics with IPJ· and IPI·, respectively, and similarly with their unit-descriptors.

See also

Other
Related ReleaseIntegrated indexes of volume, price and value for manufacturing sector [IPI, Paasche PPI]
SourceCentral Bank of Venezuela
FrequencyMonthly
GeographyVenezuela
Upcoming
Release DateReference date
08 May 2024Feb 2019
22 May 2024Mar 2019