Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Estonia
ESTPRMNTO01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.11
Year-over-Year Change
-13.66%
Date Range
1/1/1998 - 3/1/2024
Summary
This economic trend measures manufacturing production volume in Estonia, providing insight into the health and activity of the country's industrial sector.
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 Production Volume: Economic Activity: Manufacturing for Estonia index tracks changes in the output of Estonia's manufacturing industry. It serves as an important indicator of economic growth and is closely monitored by policymakers and analysts.
Methodology
The data is collected and calculated by Estonia's national statistical agency.
Historical Context
This trend is used to inform economic policy decisions and assess the performance of Estonia's manufacturing sector.
Key Facts
- Estonia's manufacturing sector accounts for over 15% of its GDP.
- The production volume index has increased by 20% since 2015.
- Manufacturing is a key driver of Estonia's export-oriented economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume of Estonia's manufacturing industry, providing insight into the health and activity of the country's industrial sector.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing production volume index is an important indicator of economic growth and industrial performance, making it a key metric for policymakers and analysts monitoring Estonia's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Estonia's national statistical agency.
Q: How is this trend used in economic policy?
A: This trend is used to inform economic policy decisions and assess the performance of Estonia's manufacturing sector, which is a crucial component of the country's export-oriented economy.
Q: Are there update delays or limitations?
A: The manufacturing production volume data is published on a regular basis with minimal delays, providing timely insight into the state of Estonia's industrial activity.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Estonia (ESTPRMNTO01IXOBM), retrieved from FRED.