Production: Industry: Total Industry Excluding Construction for Ireland
PRINTO01IEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5.46
Year-over-Year Change
477.64%
Date Range
1/1/1977 - 1/1/2024
Summary
The 'Production: Industry: Total Industry Excluding Construction for Ireland' series measures the industrial output of Ireland, excluding the construction sector. This metric is a key indicator of overall economic activity and productivity.
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 economic indicator tracks the volume of production across Ireland's industrial sectors, providing insights into the health and trends of the country's manufacturing, mining, and utilities industries. It is a widely followed metric used by economists, policymakers, and analysts to assess the performance of the Irish economy.
Methodology
The data is collected and calculated by the Central Statistics Office of Ireland based on monthly surveys of industrial production.
Historical Context
This series is closely monitored by the Irish government and the European Central Bank to inform economic policies and investment decisions.
Key Facts
- Ireland's industrial sector accounts for over 30% of its GDP.
- The industrial production index excludes the construction industry.
- This metric is a leading indicator of overall economic performance.
FAQs
Q: What does this economic trend measure?
A: The 'Production: Industry: Total Industry Excluding Construction for Ireland' series measures the volume of industrial output in Ireland, excluding the construction sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health and performance of Ireland's manufacturing, mining, and utilities industries, which are critical components of the country's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Statistics Office of Ireland based on monthly surveys of industrial production.
Q: How is this trend used in economic policy?
A: This series is closely monitored by the Irish government and the European Central Bank to inform economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Production: Industry: Total Industry Excluding Construction for Ireland (PRINTO01IEA657S), retrieved from FRED.