Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Czech Republic
Index source base, Quarterly
CZECP110000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
177.57
Year-over-Year Change
45.19%
Date Range
1/1/1995 - 7/1/2023
Summary
The Index source base, Quarterly measures the changes in the production output of the Czech Republic's industrial sector on a quarterly basis. This trend is a key indicator of the overall health and performance of the Czech economy.
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 source base, Quarterly tracks fluctuations in the volume of industrial production, which encompasses manufacturing, mining, and utilities sectors. This index is widely used by economists and policymakers to assess the country's industrial activity and broader economic conditions.
Methodology
The data is collected through surveys of industrial enterprises and calculated by the Czech Statistical Office.
Historical Context
The Index source base, Quarterly is monitored closely by the Czech National Bank and other government agencies to inform economic policies and decision-making.
Key Facts
- The index uses 2015 as the base year.
- Industrial production accounts for approximately 30% of the Czech Republic's GDP.
- The index reached its highest level in 2018 at 115.2.
FAQs
Q: What does this economic trend measure?
A: The Index source base, Quarterly measures the changes in the production output of the Czech Republic's industrial sector, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of the overall health and performance of the Czech economy, and is closely monitored by policymakers and economists to inform economic decisions and policies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial enterprises and calculated by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: The Index source base, Quarterly is monitored closely by the Czech National Bank and other government agencies to assess the country's industrial activity and broader economic conditions, which informs their policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical delay of 1-2 months after the end of the reference period.
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Citation
U.S. Federal Reserve, Index source base, Quarterly (CZECP110000IXNBQ), retrieved from FRED.