Production: Manufacturing: Total Manufacturing for Slovak Republic
Index Eurostat base, Quarterly, Not Seasonally Adjusted
SVKPRMNTO01IXEBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.33
Year-over-Year Change
0.94%
Date Range
1/1/2000 - 7/1/2023
Summary
The Eurostat-based index measures changes in Slovakia's producer prices on a quarterly, non-seasonally adjusted basis. This metric provides important insights into inflationary pressures and industrial production.
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 Eurostat-based producer price index tracks the average change in prices received by domestic producers for their output. It is a key indicator of underlying price movements and production costs in the Slovak economy.
Methodology
Data is collected through surveys of a representative sample of companies and then aggregated by Eurostat.
Historical Context
Policymakers and analysts use this index to gauge price dynamics and monitor economic conditions.
Key Facts
- Measures price changes for goods sold by domestic producers.
- Non-seasonally adjusted to reflect raw market conditions.
- Quarterly data provides timely insights into price trends.
FAQs
Q: What does this economic trend measure?
A: The Eurostat-based producer price index tracks changes in the average prices received by domestic producers for their output in Slovakia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into inflationary pressures, production costs, and the overall health of the Slovak industrial sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of a representative sample of companies and then aggregated by Eurostat.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to gauge price dynamics and monitor economic conditions in Slovakia.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, providing timely insights into producer price trends.
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Citation
U.S. Federal Reserve, Index Eurostat base, Quarterly, Not Seasonally Adjusted (SVKPRMNTO01IXEBQ), retrieved from FRED.