Production: Manufacturing: Consumer Goods: Total for India
Quarterly, Not Seasonally Adjusted
PRMNCG01INQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.97
Year-over-Year Change
0.25%
Date Range
4/1/1994 - 1/1/2017
Summary
This economic trend measures the quarterly producer price index for manufacturing, providing insights into inflationary pressures in the U.S. manufacturing 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 Producer Price Index for Manufacturing (PRMNCG01INQ661N) tracks changes in the prices received by domestic producers for their output. It serves as an important indicator of supply-side inflation and can inform policymakers and analysts on broader economic conditions.
Methodology
The data is collected through surveys of domestic producers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
The manufacturing PPI is closely watched by the Federal Reserve and other policymakers as a gauge of industrial price dynamics.
Key Facts
- The manufacturing PPI is not seasonally adjusted.
- Quarterly data is reported with a one-month lag.
- The index uses 2012 as the base year.
FAQs
Q: What does this economic trend measure?
A: The Producer Price Index for Manufacturing (PRMNCG01INQ661N) measures the average change over time in the selling prices received by domestic producers for their output.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing PPI is an important leading indicator of inflation, providing insights into cost pressures faced by producers that can eventually be passed on to consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The manufacturing PPI is closely monitored by the Federal Reserve and other policymakers as a gauge of industrial price dynamics, which can inform monetary policy decisions.
Q: Are there update delays or limitations?
A: Quarterly data for the manufacturing PPI is reported with a one-month lag.
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Citation
U.S. Federal Reserve, Producer Price Index for Manufacturing (PRMNCG01INQ661N), retrieved from FRED.