Production: Manufacturing: Investment Goods: Total for Ireland
Annual, Seasonally Adjusted
PRMNVG01IEA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.00
Year-over-Year Change
46.21%
Date Range
1/1/1976 - 1/1/2015
Summary
This economic trend measures the annual, seasonally adjusted producer price index (PPI) for iron and steel mills and ferroalloy manufacturing. It provides insights into wholesale price changes for a crucial industrial sector.
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 PPI for iron and steel mills and ferroalloy manufacturing tracks the average change over time in the selling prices received by domestic producers for their output. This index is a key indicator of inflationary pressures and industrial activity in the metals manufacturing industry.
Methodology
The data is collected through surveys of domestic producers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this PPI trend to assess the state of the manufacturing economy and its impact on broader price levels.
Key Facts
- The PPI for iron and steel mills and ferroalloy manufacturing accounts for over 10% of the total PPI.
- Prices in this sector have risen by an average of 4.2% annually over the past decade.
- China is the world's largest producer of steel, accounting for over 50% of global output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted producer price index (PPI) for iron and steel mills and ferroalloy manufacturing in the United States.
Q: Why is this trend relevant for users or analysts?
A: The PPI for iron and steel mills is a key indicator of inflationary pressures and industrial activity in a crucial manufacturing sector, providing insights that are valuable for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this PPI trend to assess the state of the manufacturing economy and its impact on broader price levels, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The PPI data is released monthly by the Bureau of Labor Statistics with a lag of approximately two weeks.
Related Trends
Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for Ireland
LFAC24TTIEQ647N
Real Exports of Goods for Ireland
NXGRXDCIRA
Volatility of Stock Price Index for Ireland
DDSM01IEA066NWDB
Harmonized Index of Consumer Prices: Other Personal Effects for Ireland
CP1232IEM086NEST
Financial Market: Share Prices for Ireland
SPASTT01IEQ661N
Outstanding Total International Debt Securities to GDP for Ireland
DDDM07IEA156NWDB
Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (PRMNVG01IEA661S), retrieved from FRED.