Real Changes in Inventories for Ireland
NINVRXDCIRA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,859,309,393.64
Year-over-Year Change
3.40%
Date Range
1/1/2012 - 1/1/2020
Summary
The 'Real Changes in Inventories for Ireland' measures the inflation-adjusted change in the value of business inventories in Ireland over time. This important indicator provides insight into production and investment trends in the Irish economy.
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 series tracks the real, or inflation-adjusted, change in the level of inventories held by businesses in Ireland. Inventory changes are a key component of gross domestic product (GDP) and can signal shifts in production, demand, and broader economic conditions.
Methodology
The data is collected and calculated by Ireland's Central Statistics Office.
Historical Context
Economists and policymakers monitor inventory trends to better understand the current state and future trajectory of the Irish economy.
Key Facts
- Inventories are a key component of GDP, representing about 1% of Ireland's economic output.
- Inventory changes can signal shifts in production, consumer demand, and business investment.
- Ireland's Central Statistics Office collects and publishes this economic indicator.
FAQs
Q: What does this economic trend measure?
A: The 'Real Changes in Inventories for Ireland' series tracks the inflation-adjusted change in the value of business inventories over time in Ireland.
Q: Why is this trend relevant for users or analysts?
A: Inventory changes are a key component of GDP and can provide important insights into production, demand, and investment trends in the Irish economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Ireland's Central Statistics Office.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor inventory trends to better understand the current state and future trajectory of the Irish economy.
Q: Are there update delays or limitations?
A: The inventory data is published on a regular schedule by the Central Statistics Office, with potential for minor delays or revisions.
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Citation
U.S. Federal Reserve, Real Changes in Inventories for Ireland (NINVRXDCIRA), retrieved from FRED.