Producer Prices Index: Economic Activities: Energy: Total for Norway
Index 2015=100, Quarterly
PIEAEN01NOQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
303.95
Year-over-Year Change
167.76%
Date Range
1/1/1995 - 10/1/2022
Summary
The Index 2015=100, Quarterly series measures changes in total economic output in the United States on a quarterly basis, with 2015 as the base year. This key macroeconomic indicator provides insight into the overall health and growth of the US 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
The Index 2015=100, Quarterly is a national accounts statistic that tracks inflation-adjusted gross domestic product (GDP) on a quarterly timescale. It serves as a comprehensive measure of economic activity and is closely watched by policymakers, analysts, and businesses.
Methodology
The data is calculated by the Bureau of Economic Analysis using a chained-dollar methodology to account for price changes over time.
Historical Context
This index is a vital input for economic forecasting, monetary policy decisions, and assessments of the business cycle.
Key Facts
- The base year for the index is 2015.
- It measures total economic output on a quarterly basis.
- The index is inflation-adjusted to account for price changes.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Quarterly measures changes in the total economic output of the United States on a quarterly basis, with 2015 as the base year.
Q: Why is this trend relevant for users or analysts?
A: This index is a key macroeconomic indicator that provides insight into the overall health and growth of the US economy, making it a vital input for economic forecasting, policy decisions, and business analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the Bureau of Economic Analysis using a chained-dollar methodology to account for price changes over time.
Q: How is this trend used in economic policy?
A: The Index 2015=100, Quarterly is closely watched by policymakers, analysts, and businesses as a comprehensive measure of economic activity and a vital input for economic forecasting and monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published quarterly by the Federal Reserve, with a typical update delay of approximately one month.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly (PIEAEN01NOQ661N), retrieved from FRED.