Production: Manufacturing: Total Manufacturing for Slovak Republic
SVKPRMNTO01IXEBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.57
Year-over-Year Change
2.44%
Date Range
1/1/2000 - 7/1/2023
Summary
This economic trend measures the total manufacturing production in the Slovak Republic, providing insights into the health and performance of the country's industrial sector.
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 Manufacturing: Total Manufacturing index tracks the overall volume of manufacturing output in Slovakia, including the production of a wide range of goods like machinery, electronics, and transportation equipment. This metric is closely watched by economists and policymakers to assess the state of the Slovak economy.
Methodology
The data is collected through surveys of manufacturing firms and production facilities across the country.
Historical Context
The manufacturing sector is a key driver of economic growth in Slovakia, and this index is used to inform monetary and fiscal policies.
Key Facts
- Slovakia is a major manufacturing hub in Central Europe.
- Manufacturing accounts for over 20% of Slovakia's GDP.
- The sector employs nearly one-quarter of the country's workforce.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of manufacturing production in the Slovak Republic, including a wide range of industrial goods.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing sector is a crucial driver of Slovakia's economy, and this index provides important insights into the health and performance of industrial activity in the country.
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 and economists use this index to inform monetary and fiscal policies, as the manufacturing sector is a key component of the Slovak economy.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, with a short delay to allow for collection and compilation.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Total Manufacturing for Slovak Republic (SVKPRMNTO01IXEBSAQ), retrieved from FRED.