Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Czechia
PRMNTO01CZA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.12
Year-over-Year Change
33.01%
Date Range
1/1/1991 - 1/1/2023
Summary
This economic trend measures the production volume of the manufacturing sector in Czechia. It serves as a key indicator of the overall health and activity level of the Czech 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
The Production Volume: Economic Activity: Manufacturing for Czechia tracks the monthly output of the country's manufacturing industries. This metric is widely used by economists and policymakers to assess the broader state of the Czech economy and identify trends in industrial production.
Methodology
The data is collected through surveys of manufacturing firms in Czechia.
Historical Context
This trend provides important insights into the performance of the Czech economy and is closely monitored by market analysts and government agencies.
Key Facts
- Czechia is a major manufacturing hub in Central Europe.
- Manufacturing accounts for over 25% of the Czech GDP.
- This metric has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly production volume of the manufacturing sector in Czechia, providing insight into the overall activity level of the Czech economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the health and performance of the Czech economy, and is closely monitored by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms operating in Czechia.
Q: How is this trend used in economic policy?
A: Policymakers and government agencies use this metric to assess the state of the Czech economy and inform decisions on fiscal and monetary policies.
Q: Are there update delays or limitations?
A: There may be a short delay in the release of this data, and the metric may not capture all aspects of the manufacturing sector in Czechia.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Czechia (PRMNTO01CZA661N), retrieved from FRED.