Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Ireland
IRLPROMANAISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
171.94
Year-over-Year Change
184.76%
Date Range
1/1/1976 - 1/1/2023
Summary
This economic trend measures the production volume of the manufacturing sector in Ireland, providing insights into the overall economic activity and industrial output of the country.
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, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Ireland series tracks the changes in manufacturing production levels, offering a key indicator of the health and performance of the Irish industrial sector.
Methodology
The data is collected through surveys of manufacturing companies in Ireland.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess the state of the Irish economy and inform decision-making.
Key Facts
- Ireland is a major exporter of manufactured goods.
- Manufacturing accounts for over 20% of Ireland's GDP.
- This trend has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume of the manufacturing sector in Ireland, providing insights into the overall economic activity and industrial output of the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the health and performance of the Irish industrial sector, which is closely monitored by policymakers, economists, and market analysts to assess the state of the Irish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing companies in Ireland.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to inform decision-making and assess the overall state of the Irish economy.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, with minimal update delays, providing timely insights into the manufacturing sector in Ireland.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Ireland (IRLPROMANAISMEI), retrieved from FRED.