Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Total for Ireland
Growth rate same period previous year, Monthly
IRLPIEAMI01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.36
Year-over-Year Change
-21.02%
Date Range
1/1/1996 - 12/1/2022
Summary
This economic indicator measures the year-over-year growth rate of monthly industrial production in Ireland. It provides insights into the health and performance of the Irish 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 growth rate same period previous year, monthly trend tracks the percentage change in Ireland's industrial production compared to the same month in the prior year. This metric is widely used by economists and policymakers to analyze industrial activity and assess macroeconomic conditions.
Methodology
The data is collected and calculated by Ireland's Central Statistics Office.
Historical Context
This indicator helps inform monetary and fiscal policy decisions affecting the Irish industrial economy.
Key Facts
- Ireland is a leading industrial economy in Europe.
- Manufacturing accounts for over 20% of Ireland's GDP.
- This metric helps track the performance of Ireland's key industrial sectors.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate of monthly industrial production in Ireland. It provides insights into the health and performance of the Irish industrial sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to analyze industrial activity and assess macroeconomic conditions in Ireland.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Ireland's Central Statistics Office.
Q: How is this trend used in economic policy?
A: This indicator helps inform monetary and fiscal policy decisions affecting the Irish industrial economy.
Q: Are there update delays or limitations?
A: The data is released monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (IRLPIEAMI01GYM), retrieved from FRED.