Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Slovak Republic
PRMNTO01SKA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.95
Year-over-Year Change
10.32%
Date Range
1/1/1992 - 1/1/2023
Summary
This economic trend measures the production volume of the manufacturing sector in Slovakia. It is a key indicator of the overall health and activity of the Slovak 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, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Slovak Republic measures the total output of the manufacturing industry in Slovakia. It is used by economists and policymakers to assess the current state and trajectory of the country's industrial sector and broader economic conditions.
Methodology
The data is collected through surveys of manufacturing firms in Slovakia.
Historical Context
This trend provides insight into Slovakia's export-oriented industrial base and is closely watched by international analysts.
Key Facts
- Slovakia's manufacturing sector accounts for over 20% of its GDP.
- Manufacturing exports make up more than 80% of Slovakia's total exports.
- The production volume index uses 2015 as the base year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total production volume of the manufacturing sector in Slovakia. It tracks the overall output and activity levels of the country's industrial base.
Q: Why is this trend relevant for users or analysts?
A: This manufacturing production index is a key indicator of Slovakia's economic health and performance. It provides insight into the strength of the country's export-oriented industrial sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms operating in Slovakia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this manufacturing production index to assess the state of Slovakia's economy and inform decisions around monetary, fiscal, and trade policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Slovak Republic (PRMNTO01SKA661N), retrieved from FRED.