Production: Manufacturing: Intermediate Goods: Total for Spain
ESPPRMNIG01IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.17
Year-over-Year Change
5.91%
Date Range
1/1/1992 - 10/1/2018
Summary
This economic trend measures the production of intermediate goods in the Spanish manufacturing sector. It is a key indicator of economic activity and industrial productivity.
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: Manufacturing: Intermediate Goods: Total for Spain index tracks the volume of output for semifinished goods and components used in further production processes. It provides insight into the health and direction of the Spanish industrial economy.
Methodology
The data is collected through surveys of manufacturing firms and calculated as an index by Spain's National Statistics Institute.
Historical Context
Economists and policymakers monitor this trend to assess the broader industrial landscape and supply chain dynamics.
Key Facts
- Spain is the 14th largest economy in the world.
- Manufacturing accounts for about 15% of Spain's GDP.
- Intermediate goods production has declined during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume of intermediate goods, or semifinished products, in the Spanish manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: The intermediate goods production index provides insight into the health and direction of the Spanish industrial economy, which is an important driver of overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms and calculated as an index by Spain's National Statistics Institute.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the broader industrial landscape and supply chain dynamics in Spain.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be delays or revisions due to the challenges of surveying a large number of firms.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Intermediate Goods: Total for Spain (ESPPRMNIG01IXOBSAQ), retrieved from FRED.