|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 1997 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.
The methodology and data sources are available at the Office of the Manager of Economic Statistics, Nonfinancial Private Sector Statistics Department, and on the BCV website (http://www.bcv.org.ve/c2/indicadores.asp).
Data are subject to revisions.