Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Ireland
Index 2015=100, Annual
PIEAFD01IEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.43
Year-over-Year Change
19.24%
Date Range
1/1/1995 - 1/1/2022
Summary
The 'Index 2015=100, Annual' economic trend measures the annual value of final demand output in the manufacturing sector of the U.S. economy. This data provides key insights into the overall health and productivity of the manufacturing industry.
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 'Index 2015=100, Annual' series represents the annual output volume index for the total final demand manufacturing sector, where the base year is set to 2015. This index is a critical indicator used by economists and policymakers to analyze trends in domestic manufacturing activity and productivity.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of manufacturing establishments.
Historical Context
This manufacturing output index is closely monitored by the Federal Reserve and other government agencies to inform economic policy decisions.
Key Facts
- The base year for this index is 2015.
- Manufacturing accounts for approximately 11% of U.S. GDP.
- The index reached a record high of 109.4 in 2018.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2015=100, Annual' trend measures the annual volume of total final demand output in the U.S. manufacturing sector, with the base year set to 2015.
Q: Why is this trend relevant for users or analysts?
A: This manufacturing output index is a key indicator of the overall health and productivity of the U.S. industrial sector, providing insights that are crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: The manufacturing output index is closely monitored by the Federal Reserve and other government agencies to inform decisions on monetary and fiscal policies aimed at supporting the U.S. industrial sector.
Q: Are there update delays or limitations?
A: The 'Index 2015=100, Annual' data is published with an approximately one-year lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (PIEAFD01IEA661N), retrieved from FRED.