Producer Prices Index: Type of Goods: Investments Goods: Domestic for Norway
PITGVG02NOM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.31
Year-over-Year Change
8.67%
Date Range
1/1/1995 - 1/1/2023
Summary
The Producer Prices Index: Type of Goods: Investments Goods: Domestic for Norway measures changes in wholesale prices for investment goods produced domestically in Norway.
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 tracks price changes for a basket of investment goods, such as machinery, equipment, and construction materials, that are manufactured and sold within Norway. It is a key indicator of inflationary pressures in the Norwegian economy.
Methodology
The data is collected through surveys of Norwegian producers and compiled by Statistics Norway.
Historical Context
Policymakers and analysts use this index to assess the health of Norway's industrial sector and make informed decisions about monetary and fiscal policies.
Key Facts
- The base year for the index is 2015 = 100.
- Norway is a major producer of investment goods, including machinery and equipment.
- The index is released monthly by Statistics Norway.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the wholesale prices of investment goods produced domestically in Norway, such as machinery, equipment, and construction materials.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures in the Norwegian economy, providing insights into the health of the country's industrial sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Norwegian producers and compiled by Statistics Norway.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the health of Norway's industrial sector and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The index is released monthly by Statistics Norway with no significant update delays.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of Goods: Investments Goods: Domestic for Norway (PITGVG02NOM661N), retrieved from FRED.