Import Price Index: Apparel accessories and other apparel manufacturing for Pacific Rim
COPRIMZ3159 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.70
Year-over-Year Change
-2.64%
Date Range
6/1/2012 - 12/1/2018
Summary
The Import Price Index: Apparel accessories and other apparel manufacturing for Pacific Rim measures changes in import prices for apparel and accessories from the Pacific Rim region. This index is a key indicator of trade dynamics and global supply chain costs.
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 tracks the prices of imported apparel, accessories, and related items from the Pacific Rim economies, including major producers like China, Vietnam, and Indonesia. It provides insight into the costs and competitiveness of this important manufacturing sector.
Methodology
The data is collected through surveys of importers and customs records.
Historical Context
Economists and policymakers use this index to monitor trade patterns and inflationary pressures.
Key Facts
- The Pacific Rim region accounts for over 60% of U.S. apparel imports.
- Apparel and accessories make up about 4% of total U.S. imports.
- The index uses 2012 as the base year.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of apparel, accessories, and related items imported to the U.S. from the Pacific Rim region.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insight into trade dynamics, supply chain costs, and inflationary pressures in a key manufacturing sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of importers and customs records.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this index to monitor trade patterns and inflationary pressures.
Q: Are there update delays or limitations?
A: The index is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Import Price Index: Apparel accessories and other apparel manufacturing for Pacific Rim (COPRIMZ3159), retrieved from FRED.