Key points are not available for this paper at this time.
Banco de la República made public the Regional Economic Pulse series (PER for its Spanish acronym) 1 on its website in December 2023.The technical staff of the Bank created this new economic indicator, which is released once a month, includes national and regional series, and its lag is approximately twenty days after the measurement month.The PER includes a set of short-term indicators that measure the economic performance of seven domestic regions, the national aggregate, and six economic activities.This indicator is constructed based on perception surveys carried out among leaders of companies, trade guilds, and institutions operating in the country.This information is complemented with geographically disaggregated statistics that are available timely to calculate the indicators.Although Colombia has regional statistical information for some sectors or aggregates, in most cases, the time lag of these series exceeds forty-five days, or they are low-frequency indicators, which prevents knowing in real time what is happening in the economy.The PER differs because of its short time lag and the regional disaggregation, thus providing a timely measure of the country's economic activity based on segmented information from various regions of Colombia.In this way, the PER provides valuable information for decision-making by economic policymakers and enriches the knowledge and comprehension of the country's economy, having been sourced through first-hand contact with business leaders in the regions.
A Tue, study studied this question.