Producer Prices Index: Economic Activities: Manufacturing: Total for Norway
PIEAMP01NOM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
161.23
Year-over-Year Change
15.23%
Date Range
1/1/1977 - 1/1/2023
Summary
The Producer Prices Index for Economic Activities: Manufacturing: Total in Norway measures changes in the prices received by domestic producers for their manufacturing output. This metric is a key indicator of inflationary pressures and industrial production trends.
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 tracks the average change in prices that manufacturers receive for their goods as they leave the factory. It's an important gauge of price dynamics in the Norwegian industrial sector and can signal emerging inflationary pressures or shifts in manufacturing competitiveness.
Methodology
The data is collected through surveys of Norwegian producers and calculated using a Laspeyres price index formula.
Historical Context
Policymakers and analysts use this index to assess the state of the Norwegian manufacturing economy and its potential impacts on consumer prices and trade.
Key Facts
- Norway is a major industrial exporter, particularly of energy and maritime products.
- Producer prices can indicate inflationary pressures before they reach consumers.
- The manufacturing sector accounts for over 25% of Norway's GDP.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for Manufacturing in Norway tracks the average change in prices that domestic producers receive for their manufactured goods.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of price dynamics and competitiveness within Norway's vital manufacturing sector, providing insights for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Norwegian producers and calculated using a Laspeyres price index formula.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the state of the Norwegian manufacturing economy and its potential impacts on consumer prices, trade, and industrial competitiveness.
Q: Are there update delays or limitations?
A: The index is published monthly with a lag of several weeks, and may be subject to revisions as more data becomes available.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Manufacturing: Total for Norway (PIEAMP01NOM661N), retrieved from FRED.