Production: Manufacturing: Total Manufacturing for Estonia
PRMNTO01EEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.53
Year-over-Year Change
-367.65%
Date Range
1/1/1999 - 1/1/2024
Summary
The 'Production: Manufacturing: Total Manufacturing for Estonia' trend measures the total volume of manufacturing output in Estonia, a key indicator of the country's industrial and economic activity.
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 index tracks the overall production of the manufacturing sector in Estonia, one of the largest contributors to the nation's GDP. It is a valuable metric for assessing the health and performance of Estonia's industrial base.
Methodology
The data is collected through surveys of manufacturing establishments and compiled by the Estonian statistical agency.
Historical Context
Policymakers and analysts use this trend to gauge the strength of Estonia's economy and guide decisions around industrial policy and investment.
Key Facts
- Estonia is a major exporter of manufactured goods in the European Union.
- Manufacturing accounts for over 15% of Estonia's total GDP.
- The manufacturing sector employs around 20% of Estonia's workforce.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of manufacturing output in Estonia, tracking the overall production activity of the country's industrial sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Estonia's economic health and performance, providing insight into the strength and productivity of the nation's manufacturing base.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments and compiled by the Estonian statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the state of Estonia's economy and guide decisions around industrial policy, investment, and economic development.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Total Manufacturing for Estonia (PRMNTO01EEA657S), retrieved from FRED.