Producer Prices Index: Type of Goods: Consumer Goods: Total for Finland
Index Eurostat base, Monthly
FINPITGCG01IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.30
Year-over-Year Change
15.67%
Date Range
1/1/1995 - 12/1/2022
Summary
The Eurostat-based Index of Industrial Production (IIP) measures the monthly output of European Union industrial sectors. It is a key economic indicator used to assess production trends and inform policy decisions.
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 Eurostat IIP tracks the volume of output across a range of industrial activities, including manufacturing, mining, and utilities. It provides a timely, comprehensive view of the industrial economy, enabling analysis of production patterns and business cycle fluctuations.
Methodology
The index is calculated based on monthly surveys of industrial enterprises across Europe.
Historical Context
The IIP is closely monitored by policymakers, economists, and industry analysts to gauge the health and trajectory of the EU's industrial sector.
Key Facts
- The index has a base year of 2015 = 100.
- The IIP covers around 65% of the total industrial activity in the EU.
- Manufacturing accounts for the largest share of the IIP, at over 80%.
FAQs
Q: What does this economic trend measure?
A: The Eurostat-based Index of Industrial Production (IIP) measures the monthly output of industrial sectors across the European Union.
Q: Why is this trend relevant for users or analysts?
A: The IIP is a key indicator of industrial activity and business cycle trends, providing valuable insights for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The index is calculated based on monthly surveys of industrial enterprises across Europe.
Q: How is this trend used in economic policy?
A: The IIP is closely monitored by policymakers to assess the health and trajectory of the EU's industrial sector, informing policy decisions.
Q: Are there update delays or limitations?
A: The IIP data is published on a monthly basis, with a typical release lag of around 6-8 weeks.
Related Trends
Business Tendency Surveys: Order Books: Economic Activity: Construction: Current for Finland
BCOBLV02FIM460S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Finland
CPHPTT01FIM659N
Production: Manufacturing: Total Manufacturing for Finland
PRMNTO01FIQ657S
International Merchandise Trade Statistics: Imports: Commodities for Finland
FINXTIMVA01CXMLQ
Production: Manufacturing: Intermediate Goods: Total for Finland
FINPRMNIG01IXOBSAM
Consumer Price Index: OECD Groups: Housing: Total for Finland
FINCPGRHO01GPM
Citation
U.S. Federal Reserve, Index Eurostat base, Monthly (FINPITGCG01IXEBM), retrieved from FRED.