Import Price Index: Rubber product manufacturing for Industrialized Countries
COINDUSZ3262 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81.80
Year-over-Year Change
1.11%
Date Range
6/1/2012 - 12/1/2020
Summary
The Import Price Index for Rubber Product Manufacturing measures changes in the prices of imported goods used in the rubber product manufacturing industry in industrialized countries. It's a key indicator of global trade and industrial production.
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 rubber and rubber-related imports used by manufacturers in developed economies. It's useful for analyzing trends in industrial costs, trade balances, and the global competitiveness of the rubber products sector.
Methodology
The data is collected through surveys of importers and customs records.
Historical Context
Policymakers and market analysts use this index to assess the inflationary pressures and competitive dynamics in the international rubber products industry.
Key Facts
- The index base year is 2012=100.
- Rubber products make up a major component of global manufacturing trade.
- Prices of rubber imports affect the costs and margins of domestic rubber product manufacturers.
FAQs
Q: What does this economic trend measure?
A: The Import Price Index for Rubber Product Manufacturing tracks changes in the prices of rubber and rubber-related goods imported by developed economies.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into global trade dynamics, industrial production costs, and the competitive position of the rubber products sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of importers and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this index to assess inflationary pressures and competitive conditions in the international rubber products industry.
Q: Are there update delays or limitations?
A: The index may have a lag of several months between data collection and public release.
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Citation
U.S. Federal Reserve, Import Price Index: Rubber product manufacturing for Industrialized Countries (COINDUSZ3262), retrieved from FRED.