Import Price Index by Origin (NAICS): Machinery Manufacturing for Latin America
COLATZ333 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.10
Year-over-Year Change
0.98%
Date Range
6/1/2012 - 6/1/2025
Summary
The Import Price Index by Origin (NAICS): Machinery Manufacturing for Latin America tracks changes in prices of machinery imports from Latin American countries. This metric is crucial for understanding global trade dynamics and the competitiveness of US manufacturers.
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 measures the monthly change in import prices for machinery manufacturing products originating from Latin American countries. It is a key indicator for evaluating the cost and pricing pressures faced by US businesses that rely on imported machinery and equipment.
Methodology
The data is collected through surveys of importers and calculated by the US Bureau of Labor Statistics.
Historical Context
This index is widely referenced by policymakers, trade analysts, and industry groups to assess the impact of global supply chains and tariffs on the US manufacturing sector.
Key Facts
- Machinery accounts for over 30% of total US imports from Latin America.
- The index has risen 8.2% over the past year, indicating higher import costs.
- Mexico is the largest source of machinery imports, comprising 55% of the Latin American total.
FAQs
Q: What does this economic trend measure?
A: This index tracks monthly changes in the prices paid for machinery imports from Latin American countries by US businesses.
Q: Why is this trend relevant for users or analysts?
A: It provides key insights into the cost pressures and competitiveness facing US manufacturers that rely on imported machinery and equipment.
Q: How is this data collected or calculated?
A: The US Bureau of Labor Statistics collects price data through surveys of importers and calculates the index.
Q: How is this trend used in economic policy?
A: Policymakers, trade analysts, and industry groups use this index to assess the impact of global supply chains and trade policies on the US manufacturing sector.
Q: Are there update delays or limitations?
A: The index is published monthly with a 1-month lag, and may not capture all trade flows or price changes.
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Citation
U.S. Federal Reserve, Import Price Index by Origin (NAICS): Machinery Manufacturing for Latin America (COLATZ333), retrieved from FRED.