|Adjustments||Not Seasonally Adjusted|
The Industrial Production index is compiled by the Central Bank of Venezuela (BCV). The index (Laspeyres type) covers production volume of the private manufacturing sector. It takes 2007 as the reference year and basis for comparison in accordance with the National Accounts data.
The data on production are obtained from sample surveys of 1,077 incorporated enterprises with five (5) or more employees located in the five major cities of the country (Caracas Metropolitan Area, Maracay, Valencia, Barquisimeto, and Maracaibo) and their surrounding areas.
Industrial production indices are provided by Volume and by Value, and are calculated using the Laseyres method.
The Producer's Price Index is calculated using the Paasche method.
Data are subject to revisions.