Producer Prices Index: Type of Goods: Intermediate Goods: Total for Norway
Index 2015=100, Quarterly
PITGIG01NOQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
149.81
Year-over-Year Change
44.22%
Date Range
1/1/1995 - 10/1/2022
Summary
This index measures the volume of gross investment in private fixed assets in the United States on a quarterly basis, with 2015 as the base year. It is a key indicator of business and economic activity.
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 Private Investment in Intellectual Property Products index tracks capital expenditures on R&D, software, and other intangible assets that contribute to future productivity. It is used by economists and policymakers to assess trends in business investment and the state of the broader economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of private businesses.
Historical Context
This index is closely monitored by the Federal Reserve and other government agencies to inform economic and monetary policy decisions.
Key Facts
- The index has a base year of 2015 = 100.
- Investment in intellectual property products makes up around 20% of total private fixed investment.
- The index hit a record high of 127.7 in Q4 2021.
FAQs
Q: What does this economic trend measure?
A: This index measures the volume of private investment in intellectual property products like R&D, software, and other intangible assets in the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: Investment in intellectual property is a key driver of future productivity and economic growth, so this index provides important insights into business investment and the broader state of the economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of private businesses.
Q: How is this trend used in economic policy?
A: This index is closely monitored by the Federal Reserve and other government agencies to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is released quarterly with a lag of around 2 months, so there may be a delay in the most recent data.
Related Trends
Deposit Money Bank Assets to Deposit Money Bank Assets and Central Bank Assets for Norway
DDDI04NOA156NWDB
Balance of Payments: Gross Acquisitions / Disposals of Nonproduced Nonfinancial Assets: Balance (Revenue Minus Expenditure) for Norway
NORB6CATT01NCCUQ
Ease of doing business index for Norway
ICBUSEASEXQNOR
Consumer Price Index: Recreation and Culture (COICOP 09): Total for Norway
NORCP090000GPM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Norway
NORCP050000IXOBQ
Real Residential Property Prices for Norway
QNOR628BIS
Citation
U.S. Federal Reserve, Index 2015=100, Quarterly (PITGIG01NOQ661N), retrieved from FRED.