Producer Prices Index: Economic Activities: Manufacturing: Domestic for Austria
PIEAMP02ATA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.70
Year-over-Year Change
213.63%
Date Range
1/1/2000 - 1/1/2022
Summary
The Producer Prices Index (PPI) for Manufacturing in Austria measures the change in prices received by domestic producers in the manufacturing sector. It is a key indicator of inflationary pressures and a barometer of the overall health of the Austrian economy.
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 PPI for Manufacturing in Austria tracks the average change over time in selling prices received by domestic producers of goods and services. It is used by economists and policymakers to assess the direction and magnitude of inflationary trends, which can inform monetary policy decisions.
Methodology
The data is collected through monthly surveys of producers and compiled by Statistics Austria.
Historical Context
The PPI is closely watched by the Austrian National Bank and the European Central Bank for insights into broader economic conditions.
Key Facts
- The PPI for Manufacturing has increased by 15% over the past year.
- Austria's manufacturing sector accounts for over 20% of the country's GDP.
- The PPI is considered a leading indicator of future consumer price inflation.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for Manufacturing in Austria measures the average change in selling prices received by domestic producers in the manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: The PPI is a key indicator of inflationary pressures and the overall health of the Austrian economy, making it important for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of producers and compiled by Statistics Austria.
Q: How is this trend used in economic policy?
A: The PPI is closely monitored by the Austrian National Bank and the European Central Bank to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The PPI data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Manufacturing: Domestic for Austria (PIEAMP02ATA659N), retrieved from FRED.