Import Price Index by Origin (NAICS): Furniture and Related Product Manufacturing for Association of Southeast Asian Nations
COASEANZ337 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.90
Year-over-Year Change
0.18%
Date Range
6/1/2012 - 6/1/2025
Summary
The Import Price Index by Origin (NAICS): Furniture and Related Product Manufacturing for Association of Southeast Asian Nations measures changes in the prices of furniture and related products imported to the U.S. from ASEAN countries. This index is an important indicator of international trade and competitiveness in the furniture manufacturing 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
This index tracks the prices of furniture and related products imported to the U.S. from the Association of Southeast Asian Nations (ASEAN) region, which includes countries like Indonesia, Malaysia, and Vietnam. It provides insight into pricing trends and cost pressures for this key consumer and industrial product category.
Methodology
The data is collected through surveys of U.S. importers and calculated as a weighted average price index.
Historical Context
Policymakers and market analysts use this index to assess the impact of global trade dynamics on the domestic furniture manufacturing sector.
Key Facts
- ASEAN is the 2nd largest source of U.S. furniture imports after China.
- Furniture prices make up over 10% of the overall U.S. Import Price Index.
- This index is published monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Import Price Index by Origin (NAICS): Furniture and Related Product Manufacturing for Association of Southeast Asian Nations measures changes in the prices of furniture and related products imported to the U.S. from ASEAN countries.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into pricing dynamics and trade flows in the furniture manufacturing industry, which is a key consumer and industrial sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. importers and calculated as a weighted average price index by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this index to assess the impact of global trade on the domestic furniture manufacturing sector and inform decisions related to trade policy, tariffs, and industry competitiveness.
Q: Are there update delays or limitations?
A: This index is published monthly with a typical 1-month lag, providing timely data on price trends in this industry.
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Citation
U.S. Federal Reserve, Import Price Index by Origin (NAICS): Furniture and Related Product Manufacturing for Association of Southeast Asian Nations (COASEANZ337), retrieved from FRED.