Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Domestic for Luxembourg
Index 2015=100, Quarterly
PITGND02LUQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.30
Year-over-Year Change
20.49%
Date Range
1/1/1990 - 10/1/2022
Summary
The Index 2015=100, Quarterly trend measures the overall level of U.S. industrial production, a key indicator of economic health and manufacturing activity.
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 total output of the U.S. industrial sector, including manufacturing, mining, and utilities. It is a widely followed economic indicator used to assess the state of the broader economy.
Methodology
The data is compiled by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
Policymakers and analysts closely monitor this index to gauge the strength of the industrial economy and inform economic and monetary policy decisions.
Key Facts
- The index uses 2015 as the base year with a value of 100.
- Industrial production accounts for around 20% of the U.S. GDP.
- The index is released monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Quarterly measures the total volume of industrial production in the United States, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of the health of the U.S. industrial economy and helps policymakers and analysts assess the broader economic conditions.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Federal Reserve based on surveys of industrial facilities across the country.
Q: How is this trend used in economic policy?
A: Policymakers and central bankers closely monitor this index to inform decisions on monetary policy, fiscal stimulus, and other measures aimed at supporting the industrial sector and the overall economy.
Q: Are there update delays or limitations?
A: The index is released monthly by the Federal Reserve, with a typical delay of a few weeks from the end of the reference quarter.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly (PITGND02LUQ661N), retrieved from FRED.