Producer Prices Index: Domestic Investments Goods for Ireland
PITGVG02IEQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.47
Year-over-Year Change
1.21%
Date Range
1/1/1995 - 10/1/2017
Summary
The Producer Prices Index: Domestic Investments Goods for Ireland measures changes in wholesale prices for capital goods produced and sold domestically in Ireland.
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 price trends for machinery, equipment, and other investment goods made and purchased within Ireland. It serves as an important indicator of inflationary pressures and business investment in the Irish economy.
Methodology
The data is collected through surveys of domestic producers and calculated as a weighted average of price changes.
Historical Context
Policymakers and economists use this index to assess the state of the Irish industrial sector and make informed decisions.
Key Facts
- The index has a base year of 2015 = 100.
- Ireland is a major producer and exporter of capital equipment.
- Domestic investment goods account for a significant portion of Irish GDP.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Domestic Investments Goods for Ireland measures changes in wholesale prices for capital goods produced and sold domestically in Ireland.
Q: Why is this trend relevant for users or analysts?
A: This index serves as an important indicator of inflationary pressures and business investment in the Irish economy, which is crucial information for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and calculated as a weighted average of price changes.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the state of the Irish industrial sector and make informed decisions about economic policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Producer Prices Index: Domestic Investments Goods for Ireland (PITGVG02IEQ661N), retrieved from FRED.