Production: Manufacturing: Total Manufacturing for Slovak Republic
SVKPRMNTO01GPSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.59
Year-over-Year Change
-264.06%
Date Range
2/1/1992 - 1/1/2019
Summary
This trend measures the total manufacturing production in the Slovak Republic, a key indicator of the country's industrial and economic activity.
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: Manufacturing: Total Manufacturing for Slovak Republic tracks the volume of manufacturing output across all sectors in the Slovak economy. It is a widely used metric for assessing the health and performance of the country's industrial base.
Methodology
The data is collected through surveys of manufacturing firms and production facilities.
Historical Context
This trend is closely monitored by policymakers, economists, and investors to gauge the overall strength of the Slovak economy.
Key Facts
- Slovakia is a major exporter of automotive and electronics products.
- Manufacturing accounts for over 20% of Slovakia's GDP.
- Total manufacturing output reached a record high in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total volume of manufacturing production in the Slovak Republic, covering a wide range of industrial sectors.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing is a crucial driver of Slovakia's economy, and this metric provides insight into the overall health and performance of the industrial base.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms and production facilities across Slovakia.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors closely monitor this trend to assess the strength of the Slovak economy and inform decisions on economic policy, investment, and trade.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical release lag of 6-8 weeks.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Total Manufacturing for Slovak Republic (SVKPRMNTO01GPSAM), retrieved from FRED.