Production: Manufacturing: Intermediate Goods: Total for Ireland
PRMNIG01IEQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.16
Year-over-Year Change
57.46%
Date Range
7/1/1975 - 10/1/2017
Summary
The 'Production: Manufacturing: Intermediate Goods: Total for Ireland' series measures the volume of intermediate goods produced in the Irish manufacturing sector. This economic indicator provides insights into the health and productivity of Ireland's industrial supply chain.
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 series tracks the total production of intermediate goods, which are partially finished products used as inputs for further manufacturing. It serves as an important barometer of Irish industrial activity and supply chain efficiency.
Methodology
The data is collected through surveys of Irish manufacturing firms and calculated as an index by Ireland's Central Statistics Office.
Historical Context
Economists and policymakers monitor this indicator to assess the broader state of the Irish economy and guide decisions around industrial policy and trade.
Key Facts
- Ireland is a major exporter of intermediate goods.
- Manufacturing accounts for over 20% of Ireland's GDP.
- Production of intermediate goods is a leading indicator of overall economic activity.
FAQs
Q: What does this economic trend measure?
A: This series measures the total volume of intermediate goods produced in the Irish manufacturing sector, providing insights into the health and productivity of Ireland's industrial supply chain.
Q: Why is this trend relevant for users or analysts?
A: This indicator is closely watched by economists and policymakers as it offers a timely assessment of the state of Irish industrial activity and can help guide decisions around trade, investment, and economic policy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Irish manufacturing firms and calculated as an index by Ireland's Central Statistics Office.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this indicator to assess the broader state of the Irish economy and guide decisions around industrial policy and trade.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 4-6 weeks.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Intermediate Goods: Total for Ireland (PRMNIG01IEQ661N), retrieved from FRED.