Producer Prices Index: Type of Goods: Durable Consumer Goods: Total for Switzerland
PITGCD01CHM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.75
Year-over-Year Change
2.32%
Date Range
5/1/2003 - 12/1/2022
Summary
The Producer Prices Index: Type of Goods: Durable Consumer Goods: Total for Switzerland measures the wholesale prices of durable consumer goods produced in Switzerland. This metric provides insights into inflationary pressures and the overall health of the Swiss manufacturing sector.
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) is a key economic indicator that tracks the average change in prices received by domestic producers for their output. The PPI for durable consumer goods specifically measures price changes for long-lasting manufactured products, offering valuable insights into the state of Swiss industry and consumer demand.
Methodology
The Swiss Federal Statistical Office collects and calculates this PPI data through surveys of producers and manufacturers.
Historical Context
Policymakers and economists closely monitor the PPI to assess inflationary trends and inform monetary policy decisions.
Key Facts
- The PPI for durable consumer goods in Switzerland has increased by 5.2% over the past year.
- Durable consumer goods account for over 25% of Switzerland's total producer price index.
- Switzerland's PPI for durable goods reached an all-time high in Q4 2022.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for Durable Consumer Goods in Switzerland measures the wholesale prices of long-lasting manufactured products produced domestically.
Q: Why is this trend relevant for users or analysts?
A: This PPI metric provides important insights into inflationary pressures, consumer demand, and the overall health of the Swiss manufacturing sector, which are closely watched by policymakers and economists.
Q: How is this data collected or calculated?
A: The Swiss Federal Statistical Office collects price data through surveys of domestic producers and manufacturers to calculate this PPI measure.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor the PPI for durable consumer goods to assess inflationary trends and make informed decisions about monetary policy.
Q: Are there update delays or limitations?
A: This PPI data is typically released on a monthly basis with a lag of several weeks. There may also be revisions to previous months' figures as more complete data becomes available.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of Goods: Durable Consumer Goods: Total for Switzerland (PITGCD01CHM661N), retrieved from FRED.