Producer Prices Index: Economic Activities: Manufacturing: Domestic for Norway
NORPPDMMINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
155.43
Year-over-Year Change
17.73%
Date Range
1/1/1977 - 1/1/2023
Summary
The Producer Prices Index: Economic Activities: Manufacturing: Domestic for Norway measures changes in the prices received by domestic manufacturers in Norway. This index is a key indicator of inflationary pressures and industrial activity.
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 Producer Prices Index (PPI) tracks the wholesale prices of goods and services as they leave the production facility. The domestic manufacturing PPI for Norway specifically focuses on price changes for products sold within the country, providing insight into domestic cost and demand dynamics.
Methodology
The data is collected through surveys of Norwegian manufacturing firms and calculated based on a representative basket of goods.
Historical Context
The PPI is closely monitored by policymakers, economists, and investors to assess the state of the Norwegian economy and guide decision-making.
Key Facts
- The PPI for domestic Norwegian manufacturing has risen by an average of 3.2% annually over the past decade.
- Prices for basic metals and chemical products make up the largest components of the Norwegian manufacturing PPI.
- Norway's manufacturing PPI is considered a leading indicator of overall consumer price inflation in the country.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Economic Activities: Manufacturing: Domestic for Norway measures changes in the wholesale prices received by domestic manufacturers in the country's industrial sector.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing PPI is a key indicator of inflationary pressures and can provide insights into the underlying health of the Norwegian economy. It is closely monitored by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Norwegian manufacturing firms and calculated based on a representative basket of goods.
Q: How is this trend used in economic policy?
A: The Norwegian manufacturing PPI is used by the country's central bank and other policymakers to assess inflationary dynamics and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The manufacturing PPI data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Manufacturing: Domestic for Norway (NORPPDMMINMEI), retrieved from FRED.