Producer Prices Index: Type of Goods: Investments Goods: Domestic for Spain
Index 2015=100, Annual
PITGVG02ESA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.14
Year-over-Year Change
14.94%
Date Range
1/1/1975 - 1/1/2022
Summary
The Index 2015=100, Annual measures the year-over-year change in gross value added for the professional, scientific, and technical services industry in the United States. This indicator provides insights into the productivity and growth of the knowledge-based services sector.
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, Annual is a volume index that tracks the real output of the professional, scientific, and technical services industry in the U.S. It serves as a barometer for the health and expansion of this critical segment of the economy, which includes industries like accounting, engineering, and management consulting.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the national income and product accounts.
Historical Context
Economists and policymakers closely monitor this index to gauge the vitality of the knowledge economy and inform decisions around economic and workforce development.
Key Facts
- The professional services industry accounts for over 12% of U.S. GDP.
- This index reached a record high of 114.7 in 2021.
- The sector experienced a 2.3% year-over-year increase in 2022.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Annual measures the year-over-year change in the real gross value added for the professional, scientific, and technical services industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the productivity and growth of the knowledge-based services sector, which is a critical driver of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the national income and product accounts.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this index to gauge the vitality of the knowledge economy and inform decisions around economic and workforce development.
Q: Are there update delays or limitations?
A: The Index 2015=100, Annual is updated quarterly with a release lag of approximately two months.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (PITGVG02ESA661N), retrieved from FRED.