Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Ireland
IRLPROINDAISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
168.77
Year-over-Year Change
169.24%
Date Range
1/1/1976 - 1/1/2023
Summary
This economic trend measures the production volume of the industrial sector in Ireland, excluding construction. It serves as an important indicator of overall economic activity and industrial performance.
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: Industry (Except Construction) for Ireland tracks the level of industrial production, providing insights into the health and growth of the nation's manufacturing and processing sectors. It is a closely watched metric by economists, policymakers, and market analysts.
Methodology
The data is collected and calculated by the Central Statistics Office of Ireland.
Historical Context
This trend is used to inform economic policy decisions and analyze market conditions.
Key Facts
- Ireland's industrial production accounts for a significant portion of its GDP.
- This metric excludes the construction sector, focusing solely on manufacturing and processing.
- Policymakers use this trend to gauge the health of Ireland's export-oriented economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume of the industrial sector in Ireland, excluding construction. It provides an indicator of overall economic activity and industrial performance.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely watched by economists, policymakers, and market analysts as it offers insights into the health and growth of Ireland's manufacturing and processing sectors, which are critical to the nation's export-oriented economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Statistics Office of Ireland.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to inform their decision-making and assess the overall health of Ireland's industrial sector, which has significant implications for the country's economic performance and trade dynamics.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be occasional delays or limitations in the availability of the most recent information.
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Infra-Annual Labor Statistics: Unemployment Rate Total: From 25 to 54 Years for Ireland
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Real Imports of Goods and Services for Ireland
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Ireland (IRLPROINDAISMEI), retrieved from FRED.