Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Domestic for Portugal
Index 2015=100, Quarterly
PITGND02PTQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.28
Year-over-Year Change
26.90%
Date Range
1/1/1995 - 10/1/2022
Summary
The Index 2015=100, Quarterly trend measures changes in labor productivity in the nonfarm business sector on a quarterly basis. This metric is a key indicator of economic efficiency and growth potential.
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 Index 2015=100, Quarterly trend tracks changes in labor productivity, which is a measure of the economic output per hour worked in the nonfarm business sector. It provides insights into the efficiency and competitiveness of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real output and hours worked.
Historical Context
This productivity index is closely monitored by policymakers, economists, and businesses to assess the overall health and competitiveness of the U.S. economy.
Key Facts
- The index is benchmarked to 100 in 2015.
- Productivity growth is a key driver of long-term economic expansion.
- Declining productivity can signal emerging economic challenges.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Quarterly trend measures changes in labor productivity in the nonfarm business sector on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This productivity index provides insights into the efficiency and competitiveness of the U.S. economy, which is closely monitored by policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real output and hours worked.
Q: How is this trend used in economic policy?
A: This productivity index is used by policymakers, economists, and businesses to assess the overall health and competitiveness of the U.S. economy.
Q: Are there update delays or limitations?
A: The index is published quarterly, with a short delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly (PITGND02PTQ661N), retrieved from FRED.