Production: Manufacturing: Consumer Goods: Durable Goods for India
INDPRMNCG02IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.41
Year-over-Year Change
15.96%
Date Range
4/1/1994 - 10/1/2023
Summary
This economic trend measures the production of consumer durable goods in the manufacturing sector of India. It is a key indicator of consumer demand and industrial output in the Indian 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 Production: Manufacturing: Consumer Goods: Durable Goods for India index tracks the monthly changes in the production of consumer durable goods by manufacturing firms across India. This provides insight into the health of the consumer goods industry and broader economic conditions.
Methodology
The data is collected through surveys of manufacturing firms and calculated as an index relative to a base period.
Historical Context
Policymakers and analysts use this metric to assess consumer confidence, industrial activity, and overall economic performance in India.
Key Facts
- The index has a base year of 2012.
- India is the 6th largest manufacturing economy globally.
- Consumer durables account for over 10% of India's manufacturing output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly production of consumer durable goods, such as appliances, electronics, and vehicles, by manufacturing firms in India.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand, industrial output, and the overall health of the Indian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms and calculated as an index relative to a base period.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess consumer confidence, industrial activity, and overall economic performance in India.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 4-6 week delay.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Consumer Goods: Durable Goods for India (INDPRMNCG02IXOBSAM), retrieved from FRED.