Producer Prices Index: Economic Activities: Manufacturing: Total for Slovak Republic
SVKPIEAMP01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.97
Year-over-Year Change
-17.11%
Date Range
1/1/2004 - 12/1/2022
Summary
The Producer Prices Index: Economic Activities: Manufacturing: Total for Slovak Republic measures the changes in producer prices for the manufacturing sector in Slovakia. This data point is an important indicator of industrial activity and inflationary pressures in the Slovak 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 average change in prices received by domestic producers for their output. It is a key metric used by economists and policymakers to analyze industrial production trends and assess the overall health of the manufacturing sector in Slovakia.
Methodology
The data is collected through a survey of Slovak manufacturers and calculated based on a weighted basket of goods and services.
Historical Context
This index is closely monitored by the National Bank of Slovakia and other economic institutions to inform monetary and fiscal policy decisions.
Key Facts
- The base year for this index is 2015 = 100.
- Prices are measured at the factory gate before any taxes, transportation costs, or retail margins.
- The index covers around 80% of the total manufacturing output in Slovakia.
FAQs
Q: What does this economic trend measure?
A: This index measures the average change in prices received by domestic producers for their manufacturing output in Slovakia.
Q: Why is this trend relevant for users or analysts?
A: This data is an important indicator of industrial activity and inflationary pressures in the Slovak economy, making it relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through a survey of Slovak manufacturers and calculated based on a weighted basket of goods and services.
Q: How is this trend used in economic policy?
A: The National Bank of Slovakia and other economic institutions closely monitor this index to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting or gaps in coverage, so users should check the source for the latest information and any known limitations.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Manufacturing: Total for Slovak Republic (SVKPIEAMP01GYM), retrieved from FRED.