Production: Manufacturing: Consumer Goods: Durable Goods for Austria
AUTPRMNCG02IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.69
Year-over-Year Change
-15.41%
Date Range
1/1/1996 - 9/1/2023
Summary
This series measures the production of durable consumer goods in the manufacturing sector of Austria. It is an important indicator of economic activity and consumer demand.
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 Production: Manufacturing: Consumer Goods: Durable Goods for Austria index tracks the output of durable consumer products manufactured in Austria. It is a key metric for evaluating the health of the country's consumer goods industry and can inform economic forecasting and policymaking.
Methodology
The data is collected through surveys of manufacturing facilities and calculated as an index based on production volumes.
Historical Context
This trend is closely monitored by economists, policymakers, and industry analysts to gauge domestic consumer demand and the broader manufacturing sector.
Key Facts
- Austria is the 12th largest economy in the European Union.
- Durable consumer goods account for over 25% of Austria's total manufacturing output.
- The manufacturing sector contributes approximately 20% to Austria's GDP.
FAQs
Q: What does this economic trend measure?
A: This index measures the production volume of durable consumer goods manufactured in Austria, such as household appliances, furniture, and electronics.
Q: Why is this trend relevant for users or analysts?
A: The production of durable consumer goods is a key indicator of domestic consumer demand and the overall health of Austria's manufacturing sector, making it relevant for economic forecasting and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing facilities and calculated as an index based on production volumes.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the strength of consumer demand, gauge inflationary pressures, and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical lag of 4-6 weeks. There may be occasional revisions to historical data due to updated survey responses.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Consumer Goods: Durable Goods for Austria (AUTPRMNCG02IXOBM), retrieved from FRED.