Production: Manufacturing: Total Manufacturing for Spain
ESPPRMNTO01GPSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.20
Year-over-Year Change
-93.69%
Date Range
2/1/1961 - 3/1/2024
Summary
The 'Production: Manufacturing: Total Manufacturing for Spain' trend measures the overall output of the Spanish manufacturing sector. This key economic indicator provides insight into the health and performance of Spain's industrial base.
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
This index tracks the volume of production across a broad range of manufacturing industries in Spain, including food, textiles, chemicals, and machinery. Economists and policymakers closely monitor this trend to assess the strength of the Spanish economy and its manufacturing competitiveness.
Methodology
The data is collected through surveys of Spanish manufacturing firms and factories.
Historical Context
Manufacturing output is a crucial driver of Spain's economic growth and employment, making this trend important for tracking industrial activity and informing economic policies.
Key Facts
- Spain is the 14th largest manufacturer in the world by output.
- Manufacturing accounts for over 15% of Spain's GDP.
- Spain's manufacturing PMI has been in expansion territory since 2013.
FAQs
Q: What does this economic trend measure?
A: This trend measures the overall volume of production across Spain's manufacturing sector, covering a broad range of industries like food, textiles, and machinery.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing is a key driver of Spain's economic growth and employment, so this trend provides important insights into the health and performance of the Spanish industrial base.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Spanish manufacturing firms and factories.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this manufacturing output trend to assess the strength of the Spanish economy and inform policies related to industrial competitiveness and growth.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting, but the trend is generally updated on a regular monthly basis.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Total Manufacturing for Spain (ESPPRMNTO01GPSAM), retrieved from FRED.