Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Austria
Quarterly
AUTCP030000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-8.85
Year-over-Year Change
15.04%
Date Range
4/1/1997 - 7/1/2023
Summary
The Quarterly Automotive Vehicle and Parts Production measures the volume of U.S. automotive manufacturing output on a quarterly basis. This key economic indicator provides insight into the health and trends of the automotive industry.
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 Quarterly Automotive Vehicle and Parts Production index tracks the total production of automobiles, light trucks, and automotive parts and components in the United States. It is a valuable metric for economists and industry analysts to assess the strength and direction of the domestic automotive manufacturing sector.
Methodology
The data is compiled by the U.S. Federal Reserve based on monthly surveys of vehicle assembly plants and automotive parts producers.
Historical Context
Trends in this index are closely monitored by policymakers, automakers, and investors to gauge the broader state of the U.S. economy.
Key Facts
- U.S. automotive production accounts for over 3% of GDP.
- Domestic vehicle sales generate over $1 trillion in annual revenue.
- The automotive industry employs more than 1 million U.S. workers.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Automotive Vehicle and Parts Production index tracks the total volume of automobile, light truck, and automotive parts manufacturing in the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into the health and performance of the critical U.S. automotive industry, which has broad implications for the overall economy.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Federal Reserve based on monthly surveys of vehicle assembly plants and automotive parts producers.
Q: How is this trend used in economic policy?
A: Policymakers, automakers, and investors closely monitor this index to assess the state of the U.S. economy and make informed decisions about investment, production, and regulations.
Q: Are there update delays or limitations?
A: The Quarterly Automotive Vehicle and Parts Production data is released with a brief lag, usually within a month after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly Automotive Vehicle and Parts Production (AUTCP030000GPQ), retrieved from FRED.