Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Domestic for Turkey
PIEAMI02TRM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
752.57
Year-over-Year Change
122.92%
Date Range
1/1/1982 - 12/1/2022
Summary
The Producer Prices Index for Mining and Quarrying Activities in Turkey measures changes in the wholesale prices of goods produced by the domestic mining and quarrying industry. This key economic indicator provides insights into production costs and inflationary pressures.
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 changes in the prices received by domestic producers for their output. The Mining and Quarrying Activities PPI specifically focuses on this critical industrial sector, offering valuable data for economic analysis and policy decisions.
Methodology
The Turkish Statistical Institute collects and calculates this PPI series based on a survey of producers.
Historical Context
The Mining and Quarrying PPI is closely watched by policymakers, investors, and analysts to assess the state of the Turkish economy.
Key Facts
- The base year for this PPI series is 2015.
- Mining and quarrying account for over 10% of Turkey's industrial production.
- PPI data is released monthly by the Turkish Statistical Institute.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for Mining and Quarrying Activities in Turkey measures changes in the wholesale prices of goods produced by the domestic mining and quarrying industry.
Q: Why is this trend relevant for users or analysts?
A: This PPI series provides valuable insights into production costs, inflationary pressures, and the overall health of Turkey's mining and quarrying sector, which is a key driver of the country's industrial output.
Q: How is this data collected or calculated?
A: The Turkish Statistical Institute collects and calculates this PPI series based on a survey of producers.
Q: How is this trend used in economic policy?
A: The Mining and Quarrying PPI is closely watched by Turkish policymakers, investors, and analysts to assess the state of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The PPI data is released monthly by the Turkish Statistical Institute with minimal delays.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Domestic for Turkey (PIEAMI02TRM661N), retrieved from FRED.