Production: Manufacturing: Consumer Goods: Non-Durable Goods for Austria
AUTPRMNCG03IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.10
Year-over-Year Change
-0.18%
Date Range
1/1/1996 - 10/1/2023
Summary
This economic trend measures production of non-durable consumer goods in the manufacturing sector of Austria. It is an important indicator of consumer demand and overall economic activity.
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: Non-Durable Goods for Austria index tracks the volume of production for a subset of manufacturing output destined for household consumption. This provides insight into consumer spending and confidence within the Austrian economy.
Methodology
The data is collected through monthly surveys of manufacturing firms and calculated as an indexed time series.
Historical Context
Policymakers and analysts use this metric to assess the health of the Austrian consumer market and make informed decisions.
Key Facts
- Austria is a major European manufacturing hub.
- Non-durable goods account for over 60% of total consumer spending.
- This index has shown steady growth since the 2008 financial crisis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume of non-durable consumer goods within the Austrian manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into consumer demand and confidence, which are key drivers of overall economic activity.
Q: How is this data collected or calculated?
A: The data is gathered through monthly surveys of manufacturing firms and calculated as an indexed time series.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of the Austrian consumer market and make informed decisions.
Q: Are there update delays or limitations?
A: There may be a 1-2 month delay in data availability, and the index only covers a subset of manufacturing output.
Related Trends
Financial Market: Real Effective Exchange Rates: CPI Based for Austria
CCRETT01ATA661N
Infra-Annual Labor Statistics: Monthly Unemployment Male: 15 Years or over for Austria
LFHUTTMAATM647S
Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Austria
LCEAMN01ATA661N
Harmonized Index of Consumer Prices: Services Related to Housing for Austria
SERVHOATM086NEST
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Austria
AUTCPGRSE01IXOBM
Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Austria
LFHUADTTATM647S
Citation
U.S. Federal Reserve, Production: Manufacturing: Consumer Goods: Non-Durable Goods for Austria (AUTPRMNCG03IXOBSAM), retrieved from FRED.