Producer Prices Index: Economic Activities: Manufacturing: Domestic for Slovak Republic
SVKPPDMAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.15
Year-over-Year Change
25.90%
Date Range
1/1/1994 - 1/1/2022
Summary
The Producer Prices Index: Economic Activities: Manufacturing: Domestic for Slovak Republic measures changes in the prices producers receive for their goods and services within the Slovak manufacturing industry. This index is a key indicator of inflationary pressures and economic conditions.
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 Producer Prices Index (PPI) tracks the average change in prices received by domestic producers for their output. The manufacturing PPI specifically covers price changes for goods produced and sold within Slovakia, providing insight into domestic supply-side inflation.
Methodology
This index is calculated by the Statistical Office of the Slovak Republic based on monthly surveys of producer prices.
Historical Context
The Slovak manufacturing PPI is closely monitored by the European Central Bank and other policymakers to assess economic performance and guide monetary policy decisions.
Key Facts
- Slovakia is a major industrial exporter in the European Union.
- The manufacturing sector accounts for over 20% of Slovakia's GDP.
- Producer prices in Slovakia have remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Economic Activities: Manufacturing: Domestic for Slovak Republic measures changes in the prices producers receive for their goods and services within the Slovak manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into domestic supply-side inflationary pressures and is closely monitored by policymakers to assess economic performance and guide monetary policy decisions.
Q: How is this data collected or calculated?
A: The index is calculated by the Statistical Office of the Slovak Republic based on monthly surveys of producer prices.
Q: How is this trend used in economic policy?
A: The Slovak manufacturing PPI is closely monitored by the European Central Bank and other policymakers to assess economic performance and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with minimal delays, providing timely insight into manufacturing sector dynamics.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Manufacturing: Domestic for Slovak Republic (SVKPPDMAINMEI), retrieved from FRED.