Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Estonia
Index 2015=100, Monthly
PIEAFD02EEM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
146.54
Year-over-Year Change
26.07%
Date Range
1/1/2002 - 12/1/2022
Summary
This economic indicator measures monthly changes in the personal income of employees in the U.S. It is a key metric for understanding consumer spending and broader economic trends.
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 Personal Income: Employee Compensation: Manufacturing Index is a Federal Reserve economic series that tracks changes in total compensation paid to U.S. manufacturing employees on a monthly basis. It is used to analyze trends in labor costs and consumer purchasing power.
Methodology
The data is collected through surveys of employers and calculated by the Bureau of Economic Analysis.
Historical Context
This index is closely watched by policymakers, economists, and investors to gauge the health of the U.S. economy and labor market.
Key Facts
- The index is based on 2015 as the base year (2015=100).
- It measures changes in total compensation, including wages, salaries, and benefits.
- Tracking this index helps assess consumer spending power and inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This indicator measures monthly changes in the total compensation paid to U.S. manufacturing employees, including wages, salaries, and benefits.
Q: Why is this trend relevant for users or analysts?
A: This index is a key metric for understanding labor costs, consumer purchasing power, and broader economic conditions in the United States.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers and calculated by the Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This index is closely watched by policymakers, economists, and investors to gauge the health of the U.S. economy and labor market.
Q: Are there update delays or limitations?
A: The index is released monthly with a relatively short delay, making it a timely indicator of economic conditions.
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Citation
U.S. Federal Reserve, Personal Income: Employee Compensation: Manufacturing (PIEAFD02EEM661N), retrieved from FRED.