Production: Manufacturing: Total Manufacturing for Estonia
ESTPRMNTO01IXEBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.20
Year-over-Year Change
-5.32%
Date Range
1/1/1998 - 11/1/2023
Summary
The 'Production: Manufacturing: Total Manufacturing for Estonia' trend measures the overall output of the manufacturing sector in Estonia. This indicator is crucial for understanding the health and performance of the Estonian economy.
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 series tracks the volume of total manufacturing production in Estonia, which encompasses a broad range of industrial activities like food processing, machinery, electronics, and more. It serves as a key barometer of the country's industrial activity and economic strength.
Methodology
The data is collected through surveys of manufacturing firms and calculated as an index by Estonia's national statistical agency.
Historical Context
Policymakers and analysts use this metric to assess the state of the Estonian economy and make informed decisions.
Key Facts
- Estonia is a major manufacturing hub in the Baltic region.
- Manufacturing accounts for over 15% of Estonia's GDP.
- This index uses 2015 as the base year.
FAQs
Q: What does this economic trend measure?
A: The 'Production: Manufacturing: Total Manufacturing for Estonia' trend measures the overall volume of manufacturing output in Estonia, covering a broad range of industrial activities.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the health and performance of the Estonian economy, as manufacturing is a significant contributor to the country's GDP.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms and calculated as an index by Estonia's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the state of the Estonian economy and make informed decisions about economic policies and interventions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delays, providing timely insights into the Estonian manufacturing sector.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Total Manufacturing for Estonia (ESTPRMNTO01IXEBSAM), retrieved from FRED.