Production: Manufacturing: Total Manufacturing for Austria
PRMNTO01ATQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.06
Year-over-Year Change
76.96%
Date Range
4/1/1956 - 1/1/2025
Summary
The 'Production: Manufacturing: Total Manufacturing for Austria' trend measures the overall output of the manufacturing sector in Austria. This metric is a key indicator of the health and performance of the Austrian economy.
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 manufacturing production index tracks the volume of goods produced across all manufacturing industries in Austria. It is a widely-used gauge of industrial activity and economic growth, helping policymakers and analysts understand current conditions and forecast future trends.
Methodology
The data is collected through surveys of manufacturing firms and calculated as an index relative to a base year.
Historical Context
Trends in Austrian manufacturing production are closely watched by the European Central Bank and other institutions for insights into the broader Eurozone economy.
Key Facts
- Austria is a major manufacturing hub in Europe.
- Manufacturing accounts for over 20% of Austria's GDP.
- The manufacturing PMI is a closely-watched leading indicator.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of manufacturing output in Austria, tracking production across all manufacturing industries in the country.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing is a critical sector of the Austrian economy, and this metric provides important insights into current industrial activity and future economic growth prospects.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms and calculated as an index relative to a base year.
Q: How is this trend used in economic policy?
A: Trends in Austrian manufacturing production are closely watched by the European Central Bank and other institutions for insights into the broader Eurozone economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Total Manufacturing for Austria (PRMNTO01ATQ657S), retrieved from FRED.