Production: Manufacturing: Total Manufacturing for Germany
PRMNTO01DEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.83
Year-over-Year Change
361.62%
Date Range
1/1/1951 - 1/1/2024
Summary
The 'Production: Manufacturing: Total Manufacturing for Germany' series measures the overall output of the German manufacturing sector. It is a key indicator of the health and performance of the German economy.
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 volume of manufacturing production in Germany, including durable and non-durable goods. It is used by economists and policymakers to assess the strength of German industrial activity and the broader economic climate.
Methodology
The data is collected through surveys of manufacturing firms and calculated as an index by the German Federal Statistical Office.
Historical Context
The manufacturing production index is closely watched by markets and institutions to gauge Germany's economic trajectory and competitiveness.
Key Facts
- Germany is the largest economy in the Eurozone.
- Manufacturing accounts for over 20% of Germany's GDP.
- The manufacturing production index is a leading indicator of German economic health.
FAQs
Q: What does this economic trend measure?
A: The 'Production: Manufacturing: Total Manufacturing for Germany' series measures the overall output of the German manufacturing sector, including both durable and non-durable goods production.
Q: Why is this trend relevant for users or analysts?
A: This manufacturing production index is a key indicator of the strength and competitiveness of the German economy, providing insights into industrial activity, economic growth, and market conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms in Germany and calculated as an index by the German Federal Statistical Office.
Q: How is this trend used in economic policy?
A: The manufacturing production index is closely monitored by policymakers, economists, and market participants to assess the health of the German economy and inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The manufacturing production data is released on a monthly basis, with a typical lag of around 4-6 weeks between the reference period and the publication of the index.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Total Manufacturing for Germany (PRMNTO01DEA657S), retrieved from FRED.