Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Czechia
CZEPRMNTO01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.14
Year-over-Year Change
-11.95%
Date Range
1/1/1991 - 3/1/2024
Summary
This economic trend measures manufacturing production volume in Czechia, providing insight into the health and activity of the country's industrial sector.
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 Volume: Economic Activity: Manufacturing for Czechia index tracks changes in the overall level of production across Czechia's manufacturing industries. It is a key indicator of the broader economic conditions and is closely monitored by policymakers and analysts.
Methodology
The data is collected and calculated by the Czech Statistical Office.
Historical Context
This metric is used to assess the strength of Czechia's manufacturing economy and inform economic policy decisions.
Key Facts
- Czechia is a major manufacturing hub in Central Europe.
- Manufacturing accounts for over 25% of Czechia's GDP.
- The production volume index is a timely indicator of industrial performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the overall volume of production across Czechia's manufacturing industries, providing insight into the health and activity of the country's industrial sector.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing production volume index is a key indicator of the broader economic conditions in Czechia and is closely monitored by policymakers and analysts to assess the strength of the country's industrial economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and economists to inform decisions on fiscal and monetary policy, as well as to assess the overall health of Czechia's manufacturing-driven economy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical lag of around 4-6 weeks.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Czechia (CZEPRMNTO01IXOBM), retrieved from FRED.