Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Norway
Index 2015=100, Annual
PITGND01NOA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.34
Year-over-Year Change
64.82%
Date Range
1/1/1995 - 1/1/2022
Summary
The Index 2015=100, Annual series measures the overall production of industrial goods and materials in the United States on an annual basis, with 2015 as the base year.
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
This index provides a comprehensive view of industrial production trends and is a key indicator of the health and direction of the U.S. economy. It is closely watched by economists, policymakers, and financial analysts for insights into manufacturing activity, capacity utilization, and economic growth.
Methodology
The data is collected through surveys of industrial facilities and calculated by the U.S. Federal Reserve.
Historical Context
The industrial production index is used to inform monetary and fiscal policy decisions.
Key Facts
- The base year for the index is 2015.
- The index covers a broad range of industrial sectors, including manufacturing, mining, and utilities.
- Movements in the index are closely watched as an indicator of the overall health of the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Annual series measures the overall production of industrial goods and materials in the United States on an annual basis, with 2015 as the base year.
Q: Why is this trend relevant for users or analysts?
A: This index provides a comprehensive view of industrial production trends and is a key indicator of the health and direction of the U.S. economy, making it closely watched by economists, policymakers, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial facilities and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: The industrial production index is used to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by the Federal Reserve, with a typical release delay of around one month.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (PITGND01NOA661N), retrieved from FRED.