Production: Mining: Total for Slovak Republic
Monthly, Not Seasonally Adjusted
SVKPRMITO01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
89.61
Year-over-Year Change
30.04%
Date Range
1/1/1992 - 10/1/2023
Summary
This trend measures monthly industrial production in Slovakia, without seasonal adjustments. It provides insights into the country's manufacturing and industrial activity, which are key indicators of economic performance.
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 monthly industrial production index tracks changes in the total output of manufacturing, mining, and utilities sectors in Slovakia. It is a widely followed metric for assessing the health and trajectory of the Slovak economy.
Methodology
The data is collected through surveys of industrial establishments and calculated as an index relative to a base year.
Historical Context
Policymakers and analysts use this indicator to monitor industrial activity and support economic planning and forecasting.
Key Facts
- Slovakia's industrial production accounts for over 25% of its GDP.
- The index uses 2015 as the base year for calculations.
- Industrial production is a key driver of Slovakia's export-oriented economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly changes in industrial production in Slovakia, covering manufacturing, mining, and utilities sectors.
Q: Why is this trend relevant for users or analysts?
A: Industrial production is a crucial indicator of economic health and activity, providing insights into a country's manufacturing, exports, and overall growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial establishments and calculated as an index relative to a base year.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to monitor industrial activity and support economic planning, forecasting, and decision-making.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical delay of 4-6 weeks from the reference period.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SVKPRMITO01IXOBM), retrieved from FRED.