Producer Prices Index: Economic Activities: Manufacturing: Domestic for Slovak Republic
Index 2015=100, Monthly
SVKPPDMMINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.60
Year-over-Year Change
14.01%
Date Range
1/1/1994 - 12/1/2022
Summary
The Index 2015=100, Monthly trend measures Slovakia's manufacturing production on a monthly basis, using 2015 as the base year. This metric is crucial for economists and policymakers to gauge the health and growth of the country's industrial sector.
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, Monthly tracks the volume of Slovakia's manufacturing output, adjusted for seasonal variations. It serves as a leading indicator of the nation's overall economic performance, reflecting changes in demand, productivity, and business confidence.
Methodology
The data is collected through surveys of manufacturing firms and compiled by the Statistical Office of the Slovak Republic.
Historical Context
This index is closely monitored by the European Central Bank and national economic agencies to inform monetary and fiscal policies.
Key Facts
- Slovakia's manufacturing output uses 2015 as the base year.
- The index is adjusted for seasonal variations.
- It is a leading indicator of the country's overall economic performance.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Monthly measures the volume of manufacturing production in Slovakia, using 2015 as the base year.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator of the health and growth of Slovakia's industrial sector, which is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms and compiled by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: The Index 2015=100, Monthly is closely watched by the European Central Bank and national economic agencies to inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The index is released on a monthly basis, with potential delays in data collection and publication.
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Citation
U.S. Federal Reserve, Index 2015=100, Monthly (SVKPPDMMINMEI), retrieved from FRED.