Production: Manufacturing: Investment Goods: Total for Ireland
IRLPRMNVG01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.99
Year-over-Year Change
-0.43%
Date Range
7/1/1975 - 5/1/2016
Summary
This economic indicator measures total production of investment goods in the manufacturing sector of Ireland. It provides insight into the level of business investment and broader economic activity.
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: Investment Goods: Total for Ireland index tracks the volume of manufactured products intended for capital investment rather than consumer use. This metric is an important barometer of economic growth and industrial performance.
Methodology
The data is collected through surveys of manufacturing facilities and compiled by the Central Statistics Office of Ireland.
Historical Context
Policymakers and analysts monitor this trend to assess the health of Ireland's industrial base and broader investment climate.
Key Facts
- Ireland is a major manufacturing hub in the European Union.
- Investment goods account for a significant portion of Ireland's total industrial output.
- Production of investment goods is a leading indicator of economic expansion or contraction.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total volume of manufactured products intended for capital investment rather than consumer use in Ireland.
Q: Why is this trend relevant for users or analysts?
A: Production of investment goods is an important barometer of business investment, industrial performance, and broader economic growth in Ireland.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing facilities and compiled by the Central Statistics Office of Ireland.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this indicator to assess the health of Ireland's industrial base and broader investment climate.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Investment Goods: Total for Ireland (IRLPRMNVG01IXOBM), retrieved from FRED.