Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Austria
AUTPROMANMISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.40
Year-over-Year Change
-1.78%
Date Range
1/1/1956 - 10/1/2023
Summary
This economic trend measures the production volume of the manufacturing sector in Austria, providing insights into the overall health and activity of the Austrian 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
The Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Austria index tracks the output and production levels of the manufacturing industry in the country. It serves as a key indicator for analyzing the state of the Austrian economy and its industrial performance.
Methodology
The data is collected and calculated by government statistical agencies in Austria.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess the current and future economic conditions in Austria.
Key Facts
- Austria is a major industrial and manufacturing hub in Europe.
- The manufacturing sector accounts for over 20% of Austria's GDP.
- This index is released on a monthly basis by Austrian government agencies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume and output levels of the manufacturing sector in Austria, providing insights into the overall industrial activity and economic performance of the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding the health and direction of the Austrian economy, as the manufacturing sector is a significant driver of economic growth and activity.
Q: How is this data collected or calculated?
A: The data for this trend is collected and calculated by government statistical agencies in Austria.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this trend to assess the current state of the Austrian economy, inform policy decisions, and make informed investment and business decisions.
Q: Are there update delays or limitations?
A: This trend is released on a monthly basis, with minimal delays in data reporting. However, as with any economic indicator, there may be limitations in terms of sample size or methodological changes over time.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Austria (AUTPROMANMISMEI), retrieved from FRED.