Producer Prices Index: Type of Goods: Intermediate Goods: Domestic for Luxembourg
Index 2015=100, Quarterly
PITGIG02LUQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
171.07
Year-over-Year Change
58.69%
Date Range
1/1/1980 - 10/1/2022
Summary
This index measures the volume of gross investment in intellectual property products in the U.S. economy on a quarterly basis, with 2015 as the base year.
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 Intellectual Property Gross Investment Index tracks the value of investment in research and development, software, and other intangible assets that contribute to a nation's productive capacity. It is a key indicator of a country's innovation and technological progress.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This index is closely monitored by policymakers, investors, and economists to assess the health and long-term growth potential of the U.S. economy.
Key Facts
- The index has a base year of 2015 = 100.
- Investment in intellectual property accounts for over 25% of total U.S. fixed investment.
- The index reached a record high of 115.3 in Q4 2021.
FAQs
Q: What does this economic trend measure?
A: This index measures the volume of gross investment in intellectual property products in the U.S. economy on a quarterly basis, with 2015 as the base year.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of a country's innovation and technological progress, which is closely monitored by policymakers, investors, and economists to assess the health and long-term growth potential of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This index is used by policymakers, investors, and economists to assess the health and long-term growth potential of the U.S. economy.
Q: Are there update delays or limitations?
A: The index is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical release delay of approximately 2 months.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly (PITGIG02LUQ661N), retrieved from FRED.