Production: Manufacturing: Consumer Goods: Non-Durable Goods for Austria
Quarterly, Not Seasonally Adjusted
PRMNCG03ATQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.67
Year-over-Year Change
5.59%
Date Range
1/1/1996 - 7/1/2023
Summary
This series measures the quarterly percent change in the Producer Price Index for Nonfinancial Corporate Goods, a key indicator of producer price inflation.
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 Nonfinancial Corporate Goods tracks changes in the prices received by domestic producers for their output. This trend is used by economists and policymakers to monitor producer price inflation and assess the health of the broader economy.
Methodology
The data is collected through surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in producer prices are closely watched by the Federal Reserve and other policymakers when setting monetary policy.
Key Facts
- The PPI for Nonfinancial Corporate Goods captures price changes across a broad range of industries.
- Quarterly PPI data is released approximately two weeks after the end of each quarter.
- The PPI is considered a leading indicator of consumer price inflation.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarterly percent change in the Producer Price Index for Nonfinancial Corporate Goods, which tracks the prices received by domestic producers for their output.
Q: Why is this trend relevant for users or analysts?
A: Trends in producer prices are closely watched by economists and policymakers as an indicator of inflationary pressures in the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers monitor producer price trends when setting monetary policy to maintain price stability and promote economic growth.
Q: Are there update delays or limitations?
A: Quarterly PPI data is released approximately two weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (PRMNCG03ATQ661N), retrieved from FRED.