Global price of Industrial Materials index
PINDUINDEXM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
159.16
Year-over-Year Change
-2.90%
Date Range
1/1/1992 - 6/1/2025
Summary
The Global Price of Industrial Materials Index tracks the prices of a broad basket of raw materials used in industrial production, providing insight into global supply and demand dynamics.
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 measures the monthly change in prices for a diverse set of commodities like metals, chemicals, and other inputs essential for manufacturing and construction. It is a leading indicator of industrial activity and inflationary pressures.
Methodology
The index is calculated by the International Monetary Fund based on price data for over 70 globally-traded industrial materials.
Historical Context
The index is closely monitored by policymakers, analysts, and businesses to assess the state of the global economy and outlook for industrial production.
Key Facts
- The index has a base year of 2016 = 100.
- Metals make up the largest component at over 50% weighting.
- Prices reached an all-time high in March 2022 amid supply chain disruptions.
FAQs
Q: What does this economic trend measure?
A: The Global Price of Industrial Materials Index tracks the monthly change in prices for a broad basket of raw materials used in manufacturing and industrial production globally.
Q: Why is this trend relevant for users or analysts?
A: The index is a key leading indicator of global industrial activity and inflationary pressures, providing insight into supply and demand dynamics for essential production inputs.
Q: How is this data collected or calculated?
A: The index is calculated by the International Monetary Fund based on price data for over 70 globally-traded industrial materials.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and businesses closely monitor the index to assess the state of the global economy and outlook for industrial production.
Q: Are there update delays or limitations?
A: The index is published monthly with a short lag, providing timely data on industrial material price trends.
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Citation
U.S. Federal Reserve, Global price of Industrial Materials index (PINDUINDEXM), retrieved from FRED.