Production: Manufacturing: Investment Goods: Total for Slovak Republic
Monthly, Not Seasonally Adjusted
SVKPRMNVG01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135.00
Year-over-Year Change
6.13%
Date Range
1/1/2000 - 10/1/2023
Summary
This series measures the monthly production volume index for manufacturing in Slovakia, providing insights into the health and activity 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 Monthly Production Volume Index for Manufacturing in Slovakia is an important economic indicator that tracks changes in the total production output of the manufacturing industry. It is used by analysts and policymakers to assess the performance and trends within the Slovak industrial economy.
Methodology
The index is calculated by the Statistical Office of the Slovak Republic based on monthly surveys of manufacturing companies.
Historical Context
The production index is closely monitored by the National Bank of Slovakia and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The index has a base year of 2015 = 100.
- Manufacturing accounts for over 20% of Slovakia's GDP.
- Slovakia is a major automotive and electronics exporter.
FAQs
Q: What does this economic trend measure?
A: This series measures the monthly production volume index for the manufacturing sector in Slovakia, providing an overview of industrial activity and output.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing production index is a key indicator of economic health and competitiveness, helping analysts and policymakers assess the performance of Slovakia's industrial base.
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 manufacturing companies.
Q: How is this trend used in economic policy?
A: The production index is closely monitored by the National Bank of Slovakia and other institutions to inform monetary and fiscal policy decisions affecting the industrial sector.
Q: Are there update delays or limitations?
A: The production index data is published monthly with a short lag, providing timely insights into Slovakia's manufacturing activity.
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Citation
U.S. Federal Reserve, Monthly Production Volume Index for Manufacturing in Slovakia (SVKPRMNVG01IXOBM), retrieved from FRED.