Import Price Index: Fabricated metal product manufacturing for Latin America
COLATZ332 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.10
Year-over-Year Change
-2.56%
Date Range
6/1/2012 - 12/1/2018
Summary
The Import Price Index for Fabricated Metal Product Manufacturing tracks the prices of imported goods used in the Latin American fabricated metal products industry. This measure is important for economists and policymakers analyzing international trade and manufacturing competitiveness.
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 Import Price Index for Fabricated Metal Product Manufacturing represents the prices of imports consumed by the Latin American fabricated metal products industry. This index is a key indicator of input costs and international competition faced by domestic manufacturers in this sector.
Methodology
The data is collected through surveys of importing businesses and calculated using a fixed-weight Laspeyres formula.
Historical Context
This index provides insight into the global competitiveness of Latin American fabricated metal product manufacturers and can inform trade and industrial policies.
Key Facts
- The index base period is 2000=100.
- Fabricated metal products include items like metal containers, hardware, and plumbing fixtures.
- Latin America includes Brazil, Mexico, and other major economies in the region.
FAQs
Q: What does this economic trend measure?
A: The Import Price Index for Fabricated Metal Product Manufacturing tracks the prices of imported goods used as inputs by the Latin American fabricated metal products industry.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into the global competitiveness of Latin American fabricated metal product manufacturers and can inform trade and industrial policies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of importing businesses and calculated using a fixed-weight Laspeyres formula.
Q: How is this trend used in economic policy?
A: This index can inform trade and industrial policies by providing insights into the global competitiveness of Latin American fabricated metal product manufacturers.
Q: Are there update delays or limitations?
A: The data may be subject to periodic revisions and updates that can cause slight differences from previously published figures.
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Citation
U.S. Federal Reserve, Import Price Index: Fabricated metal product manufacturing for Latin America (COLATZ332), retrieved from FRED.