Producer Prices Index: Total Consumer Goods for Ireland
Annual
PITGCG01IEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.59
Year-over-Year Change
1.16%
Date Range
1/1/1995 - 1/1/2017
Summary
The Annual trend measures inflation-adjusted growth in gross capital formation, a key indicator of investment and economic expansion.
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
Gross capital formation tracks investment by businesses, households, and governments in new capital goods like machinery, equipment, and infrastructure. This metric is an important measure of economic activity and a leading indicator of future growth.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of investment expenditures.
Historical Context
Policymakers and analysts closely monitor capital formation trends to assess the strength of the economy and guide policy decisions.
Key Facts
- Gross capital formation accounts for over 20% of U.S. GDP.
- Investment in equipment and software makes up the largest component.
- Capital formation typically declines during recessions and expands during economic recoveries.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures inflation-adjusted growth in gross capital formation, which includes investment by businesses, households, and governments in new capital goods like machinery, equipment, and infrastructure.
Q: Why is this trend relevant for users or analysts?
A: Gross capital formation is an important indicator of economic activity and a leading predictor of future growth. Monitoring this trend helps policymakers and analysts assess the strength of the economy.
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 investment expenditures.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor capital formation trends to guide decisions on interest rates, government spending, and other policies aimed at promoting economic growth.
Q: Are there update delays or limitations?
A: The Annual data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Annual (PITGCG01IEA661N), retrieved from FRED.