Producer Prices Index: Type of Goods: Investments Goods: Total for Norway
NORPITGVG01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.72
Year-over-Year Change
83.73%
Date Range
1/1/1996 - 1/1/2023
Summary
The Producer Prices Index for Investment Goods in Norway measures changes in the prices received by domestic producers for investment-related goods. This metric provides insight into inflationary trends and production costs in the Norwegian capital goods 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 Producer Prices Index for Investment Goods is a key economic indicator used to track price movements of capital equipment, machinery, and other investment products in Norway. It serves as an important input for policymakers, analysts, and businesses to assess the state of the Norwegian economy and its industrial production.
Methodology
The data is collected through surveys of Norwegian producers and calculated as a weighted index by Statistics Norway.
Historical Context
This index is closely monitored by the Norges Bank and other institutions to gauge inflationary pressures and guide monetary policy decisions.
Key Facts
- The index has a base year of 2015.
- Norway is a major exporter of capital equipment and machinery.
- Tracking investment goods prices is crucial for assessing business investment trends.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for Investment Goods in Norway measures changes in the prices received by domestic producers for capital equipment, machinery, and other investment-related products.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures and production costs in Norway's capital goods sector, which is a crucial driver of business investment and economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Norwegian producers and calculated as a weighted index by Statistics Norway.
Q: How is this trend used in economic policy?
A: The Producer Prices Index for Investment Goods is closely monitored by the Norges Bank and other institutions to gauge inflationary pressures and guide monetary policy decisions in Norway.
Q: Are there update delays or limitations?
A: The data is published monthly by Statistics Norway with a typical lag of around one month.
Related Trends
Business Tendency Surveys (Manufacturing): Confidence Indicators: Composite Indicators: National Indicator for Norway
BSCICP02NOQ460S
Infra-Annual Labor Statistics: Working-Age Population Female: From 25 to 54 Years for Norway
LFWA25FENOQ647S
Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Norway
QNOPAM770A
Population (LFS Basis): All Ages: Females for Norway
LFPOTTFENOA647N
Consumer Price Index: Harmonized Prices: Health (COICOP 06): Total for Norway
NORCPHP0600IXEBM
Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Imputed Rentals for Housing: Total for Norway
NORCP040200GPM
Citation
U.S. Federal Reserve, Producer Prices Index: Type of Goods: Investments Goods: Total for Norway (NORPITGVG01GYM), retrieved from FRED.