Producer Prices Index: Type of Goods: Consumer Goods: Total for Slovak Republic
Growth rate same period previous year, Monthly
SVKPITGCG01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.59
Year-over-Year Change
-5.18%
Date Range
1/1/2004 - 12/1/2022
Summary
This economic trend measures the growth rate of the Slovak Republic's industrial production index compared to the same period in the previous year, reported monthly. It provides insights into the country's manufacturing activity and industrial growth trajectory.
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 growth rate same period previous year, Monthly trend tracks the year-over-year change in Slovakia's industrial production index, which is a key indicator of the nation's manufacturing and industrial performance. This metric is closely monitored by economists and policymakers to assess the health and momentum of the Slovak economy.
Methodology
The data is collected and calculated by the Statistical Office of the Slovak Republic.
Historical Context
This trend is widely used by analysts, investors, and policymakers to inform economic decision-making and policy formulation.
Key Facts
- Slovakia's industrial production grew 3.2% year-over-year in January 2023.
- The industrial production index reached a record high of 127.3 in December 2022.
- Manufacturing accounts for approximately 20% of Slovakia's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of Slovakia's industrial production index, providing insights into the country's manufacturing and industrial activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as it offers a valuable gauge of the Slovak economy's health and growth momentum.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: This trend is widely used by analysts, investors, and policymakers to inform economic decision-making and policy formulation in Slovakia.
Q: Are there update delays or limitations?
A: The data is reported monthly, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (SVKPITGCG01GYM), retrieved from FRED.