Labor Compensation: Earnings: Manufacturing: Monthly for Czech Republic
LCEAMN03CZA189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,831.25
Year-over-Year Change
69.47%
Date Range
1/1/1993 - 1/1/2022
Summary
This economic trend measures the average monthly earnings in the manufacturing sector of the Czech Republic. It is a key indicator of labor market conditions and economic performance.
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 Labor Compensation: Earnings: Manufacturing: Monthly for Czech Republic series tracks the average nominal monthly earnings of workers in the Czech manufacturing industry. This metric provides insight into labor costs and productivity trends, which are important factors for economists and policymakers analyzing the broader Czech economy.
Methodology
The data is collected through surveys of Czech manufacturing firms and organizations.
Historical Context
This labor earnings trend is used by analysts to assess the competitiveness and health of the Czech manufacturing sector.
Key Facts
- Czech manufacturing earnings averaged 37,305 CZK in 2021.
- Earnings increased by 6.7% year-over-year in December 2022.
- The manufacturing sector accounts for over 30% of the Czech GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly nominal earnings of workers in the manufacturing sector of the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor costs and productivity in the important Czech manufacturing industry, which is a key driver of the broader Czech economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Czech manufacturing firms and organizations.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this manufacturing labor earnings trend to assess the competitiveness and health of the Czech manufacturing sector.
Q: Are there update delays or limitations?
A: There may be delays of several months in the release of the latest monthly manufacturing earnings data for the Czech Republic.
Related Trends
Consumer Price Index: Harmonized Prices: Health (COICOP 06): Total for Czech Republic
CZECPHP0600GPM
Gross National Income for Czech Republic
MKTGNICZA646NWDB
Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Czech Republic
CZEFCLODCHXDC
Balance of Payments: Goods: Revenue for Czechia
CZEB6CRTD01CXCUSAQ
Producer Prices Index: Economic Activities: Manufacturing: Domestic for Czech Republic
PIEAMP02CZA659N
Harmonized Index of Consumer Prices: Motor Cars for Czech Republic
CP0711CZM086NEST
Citation
U.S. Federal Reserve, Labor Compensation: Earnings: Manufacturing: Monthly for Czech Republic (LCEAMN03CZA189N), retrieved from FRED.