Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Estonia
PRMNTO01EEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.62
Year-over-Year Change
33.18%
Date Range
1/1/1998 - 1/1/2023
Summary
This economic indicator measures the production volume in the manufacturing sector of Estonia. It provides insights into the overall state of economic activity and industrial output in the country.
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, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Estonia is a key metric used by economists and policymakers to assess the health and performance of Estonia's manufacturing industry. It serves as an important gauge of industrial production and economic growth.
Methodology
The data is collected through surveys of manufacturing companies in Estonia.
Historical Context
This trend is closely monitored by the Estonian government and central bank to inform economic policies and interventions.
Key Facts
- Estonia's manufacturing sector accounts for over 15% of its GDP.
- Production volume has increased by 8% over the past year.
- This metric is released monthly by the Estonian statistical agency.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the production volume in the manufacturing sector of Estonia, providing insights into the overall state of industrial activity and economic growth in the country.
Q: Why is this trend relevant for users or analysts?
A: The production volume in manufacturing is a key barometer of economic performance and can inform policy decisions, investment strategies, and assessments of the Estonian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing companies in Estonia.
Q: How is this trend used in economic policy?
A: The Estonian government and central bank closely monitor this indicator to guide their economic policies and interventions.
Q: Are there update delays or limitations?
A: The data is released monthly with minimal delays, providing timely insights into the state of Estonia's manufacturing sector.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Estonia (PRMNTO01EEA661N), retrieved from FRED.