Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Norway
Index 2015=100, Monthly
PITGND01NOM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
142.42
Year-over-Year Change
15.12%
Date Range
1/1/1995 - 1/1/2023
Summary
The Index 2015=100, Monthly trend measures the level of production in the U.S. industrial sector on a monthly basis, with 2015 as the base year. This metric is a key indicator of overall economic activity and manufacturing health.
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 Index 2015=100, Monthly tracks the volume of industrial production, including manufacturing, mining, and utilities. It is a widely-used gauge of the business cycle and capacity utilization within the U.S. economy.
Methodology
The Federal Reserve collects this data through monthly surveys of industrial facilities.
Historical Context
Policymakers and analysts closely monitor this index to assess the strength of the manufacturing sector and inform economic policy decisions.
Key Facts
- The index has a base year of 2015, set to 100.
- The index includes production from manufacturing, mining, and utilities.
- The index is released monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Monthly measures the overall volume of industrial production in the United States, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of economic activity and manufacturing health, providing insights into the strength of the business cycle.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data through monthly surveys of industrial facilities across the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this index to assess the manufacturing sector and inform policy decisions related to economic growth and stabilization.
Q: Are there update delays or limitations?
A: The Index 2015=100, Monthly is released by the Federal Reserve on a monthly basis, with minimal delays in publication.
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Citation
U.S. Federal Reserve, Index 2015=100, Monthly (PITGND01NOM661N), retrieved from FRED.