Production: Manufacturing: Consumer Goods: Total for Ireland
IRLPRMNCG01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.55
Year-over-Year Change
7.64%
Date Range
7/1/1975 - 5/1/2016
Summary
This economic trend measures total production of consumer goods in the manufacturing sector of Ireland. It provides insight into the health and output of Ireland's consumer-focused manufacturing industries.
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: Total for Ireland series tracks the volume of manufacturing production for consumer goods in Ireland. It is a key indicator of activity and growth within Ireland's consumer-oriented manufacturing industries, which are an important part of the country's economy.
Methodology
The data is collected through surveys of manufacturing firms and calculated as an index by Ireland's Central Statistics Office.
Historical Context
This trend is closely watched by economists, policymakers, and market analysts to assess the state of Ireland's consumer goods production and broader economic conditions.
Key Facts
- Ireland is a major exporter of consumer goods.
- Manufacturing accounts for over 20% of Ireland's GDP.
- This index has shown steady growth since the 2008 recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of manufacturing production for consumer goods in Ireland. It provides an overview of activity levels in Ireland's consumer-focused manufacturing industries.
Q: Why is this trend relevant for users or analysts?
A: This indicator offers insights into the health and performance of an important segment of Ireland's economy. It is closely watched by economists, investors, and policymakers to assess broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms in Ireland and calculated as an index by the Central Statistics Office.
Q: How is this trend used in economic policy?
A: Trends in consumer goods production are used by policymakers and central banks to gauge the strength of domestic demand and guide monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately 6-8 weeks. There may be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Consumer Goods: Total for Ireland (IRLPRMNCG01IXOBM), retrieved from FRED.