Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Turkiye
PRMNTO01TRA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
147.22
Year-over-Year Change
87.71%
Date Range
1/1/1958 - 1/1/2023
Summary
This economic trend measures the production volume of the manufacturing sector in Turkiye, providing insight into the overall level of economic activity 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 Volume: Economic Activity: Manufacturing for Turkiye trend represents the total output of the manufacturing industry, a key driver of Turkiye's economy. It is a valuable indicator for economists and policymakers to assess the health and performance of the manufacturing sector.
Methodology
The data is collected through surveys of manufacturing firms and industrial production indexes.
Historical Context
This trend is closely monitored by government agencies, central banks, and market analysts to understand broader economic conditions and inform policy decisions.
Key Facts
- Turkiye is one of the world's leading manufacturing hubs.
- Manufacturing accounts for over 20% of Turkiye's GDP.
- Production volume trends are closely linked to the country's overall economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total production volume of the manufacturing sector in Turkiye, providing a gauge of overall industrial activity in the country.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing production volume trend is a crucial indicator for understanding the health of Turkiye's economy, as the manufacturing sector is a significant driver of economic growth and employment.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms and industrial production indexes.
Q: How is this trend used in economic policy?
A: Government agencies, central banks, and market analysts closely monitor this trend to assess broader economic conditions and inform policy decisions related to fiscal, monetary, and industrial policies.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be occasional delays or revisions due to the inherent challenges in collecting comprehensive manufacturing data.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Turkiye (PRMNTO01TRA661N), retrieved from FRED.