Import Price Index by Origin (NAICS): Leather and Allied Product Manufacturing for Pacific Rim
COPRIMZ316 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.20
Year-over-Year Change
0.47%
Date Range
6/1/2012 - 6/1/2025
Summary
The Import Price Index by Origin (NAICS): Leather and Allied Product Manufacturing for Pacific Rim measures the change in import prices for leather and allied products from the Pacific Rim region. This index is a key indicator of international trade dynamics and competitiveness in the leather 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 imported leather and allied products, such as handbags, luggage, and footwear, from the Pacific Rim region. It provides insight into inflationary pressures, production costs, and the relative competitiveness of U.S. manufacturers in the global marketplace.
Methodology
The data is collected through a survey of importers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This index is closely monitored by policymakers, trade organizations, and industry analysts to assess the health of the U.S. leather manufacturing sector and guide trade policy decisions.
Key Facts
- The index is published monthly by the U.S. Bureau of Labor Statistics.
- The base year for the index is 2000 = 100.
- The Pacific Rim region includes countries such as China, Japan, and South Korea.
FAQs
Q: What does this economic trend measure?
A: The Import Price Index by Origin (NAICS): Leather and Allied Product Manufacturing for Pacific Rim measures the change in import prices for leather and allied products from the Pacific Rim region.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the competitiveness of U.S. leather manufacturers in the global market and helps inform trade policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through a survey of importers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This index is closely monitored by policymakers, trade organizations, and industry analysts to assess the health of the U.S. leather manufacturing sector and guide trade policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by the U.S. Bureau of Labor Statistics, with a typical release delay of around one month.
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Citation
U.S. Federal Reserve, Import Price Index by Origin (NAICS): Leather and Allied Product Manufacturing for Pacific Rim (COPRIMZ316), retrieved from FRED.