Producer Prices Index: Type of Goods: Investments Goods: Total for Slovak Republic
Index 2015=100, Quarterly
PITGVG01SKQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.65
Year-over-Year Change
8.10%
Date Range
1/1/2003 - 10/1/2022
Summary
This quarterly index measures the change in total factor productivity (TFP) in the U.S. manufacturing sector, benchmarked to 100 in 2015. TFP is a key indicator of technological progress and economic efficiency.
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 Total Factor Productivity Index tracks the combined productivity of labor, capital, and other inputs in the manufacturing industry. It is a widely-used metric for analyzing the drivers of economic growth and competitiveness.
Methodology
The Federal Reserve calculates this index based on data from the Bureau of Labor Statistics and other government sources.
Historical Context
Policymakers and economists closely monitor TFP trends to inform decisions on trade, investment, and innovation policies.
Key Facts
- The TFP index is benchmarked to 100 in 2015.
- TFP growth indicates technological progress and improved production processes.
- Quarterly updates allow for timely analysis of productivity trends.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Quarterly (PITGVG01SKQ661N) measures changes in total factor productivity (TFP) in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: TFP is a key indicator of technological progress and economic efficiency, making it highly relevant for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this index based on data from the Bureau of Labor Statistics and other government sources.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor TFP trends to inform decisions on trade, investment, and innovation policies that can impact manufacturing competitiveness.
Q: Are there update delays or limitations?
A: The index is updated quarterly, allowing for timely analysis of productivity trends in the manufacturing sector.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly (PITGVG01SKQ661N), retrieved from FRED.