Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Slovak Republic
Monthly, Seasonally Adjusted
SVKPROMANMISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86.69
Year-over-Year Change
-6.17%
Date Range
1/1/1992 - 3/1/2024
Summary
This economic indicator measures the monthly, seasonally adjusted Manufacturing Production Index for Slovakia. It provides important insights into the performance and health of Slovakia's manufacturing 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, Seasonally Adjusted Manufacturing Production Index tracks changes in the total volume of manufacturing output in Slovakia. It is a key barometer of industrial activity and economic growth, used by policymakers and analysts to assess the broader economic conditions.
Methodology
The data is collected through surveys of manufacturing firms and calculated by the Slovak Statistical Office.
Historical Context
The manufacturing production index is closely monitored by the European Central Bank and national governments to inform economic and monetary policies.
Key Facts
- Slovakia's manufacturing sector accounts for over 20% of its GDP.
- The index reached an all-time high of 131.7 in 2021.
- Manufacturing is a key driver of Slovakia's export-oriented economy.
FAQs
Q: What does this economic trend measure?
A: The Monthly, Seasonally Adjusted Manufacturing Production Index tracks changes in the total volume of manufacturing output in Slovakia.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing production index is a crucial indicator of industrial activity and economic growth in Slovakia, used by policymakers and analysts to assess broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms and calculated by the Slovak Statistical Office.
Q: How is this trend used in economic policy?
A: The manufacturing production index is closely monitored by the European Central Bank and national governments to inform economic and monetary policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 4-6 week lag, providing timely insights into Slovakia's manufacturing sector performance.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted Manufacturing Production Index for Slovakia (SVKPROMANMISMEI), retrieved from FRED.