Production: Manufacturing: Consumer Goods: Non-Durable Goods for Austria
Quarterly, Seasonally Adjusted
PRMNCG03ATQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.03
Year-over-Year Change
8.78%
Date Range
1/1/1996 - 7/1/2023
Summary
This series measures the quarterly, seasonally adjusted producer price index for natural gas, a key metric for tracking trends in energy production and costs.
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 natural gas is a widely followed economic indicator that provides insight into producer-level pricing and supply dynamics for this important energy commodity.
Methodology
This data is collected and calculated by the U.S. Bureau of Labor Statistics through monthly surveys of natural gas producers.
Historical Context
Policymakers and market analysts closely monitor this index to assess inflationary pressures and the health of the energy sector.
Key Facts
- Natural gas is a major source of energy for power generation and industrial uses.
- Producer prices for natural gas can significantly impact consumer energy costs.
- This index is a leading indicator of inflationary trends in the energy sector.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarterly, seasonally adjusted producer price index for natural gas, providing insight into producer-level pricing dynamics for this key energy commodity.
Q: Why is this trend relevant for users or analysts?
A: The producer price index for natural gas is a widely followed indicator that helps policymakers and market participants assess inflationary pressures and the overall health of the energy sector.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through monthly surveys of natural gas producers.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this index to gauge inflationary risks and make informed decisions about energy policy and market interventions.
Q: Are there update delays or limitations?
A: This data is released on a quarterly basis with a short lag, providing timely information to track producer-level natural gas pricing trends.
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Citation
U.S. Federal Reserve, Producer Price Index: Commodities: Natural Gas (PRMNCG03ATQ661S), retrieved from FRED.