Production: Manufacturing: Total
Index 2015=100, Monthly
OECDPRMNTO01IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.48
Year-over-Year Change
-1.05%
Date Range
1/1/1990 - 10/1/2023
Summary
The OECD Manufacturing Production Index measures the monthly production levels of the manufacturing sector in OECD countries. It is a key indicator of economic activity and industrial output.
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
This index tracks the volume of manufacturing production, providing a timely gauge of the health and momentum of the industrial economy. Analysts and policymakers use the index to assess economic conditions and inform decision-making.
Methodology
The index is calculated based on production data collected from national statistical agencies across OECD member countries.
Historical Context
The manufacturing production index is closely monitored by central banks, governments, and market participants to evaluate macroeconomic trends and inform policy.
Key Facts
- The index uses 2015 as the base year with a value of 100.
- Manufacturing accounts for around 15% of GDP in OECD countries.
- The index is released on a monthly basis with a 1-2 month lag.
FAQs
Q: What does this economic trend measure?
A: The OECD Manufacturing Production Index measures the monthly volume of manufacturing output across OECD member countries.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing production index is a key indicator of industrial activity and economic health, providing timely insights for policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The index is calculated based on production data collected from national statistical agencies in OECD member countries.
Q: How is this trend used in economic policy?
A: Central banks, governments, and market participants closely monitor the manufacturing production index to assess macroeconomic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The index is released on a monthly basis with a 1-2 month lag due to the time required to collect and compile the underlying production data.
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Citation
U.S. Federal Reserve, OECD Manufacturing Production Index (OECDPRMNTO01IXOBSAM), retrieved from FRED.