Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Electricity, Gas, Steam, and Air Conditioning Supply for Turkiye
TURPREND401IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.22
Year-over-Year Change
5.05%
Date Range
1/1/1986 - 3/1/2024
Summary
This economic trend measures the production volume index for electricity, gas, steam, and air conditioning supply in Turkiye. It provides insights into the overall economic activity and energy consumption patterns in the country.
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, Sales, Work Started and Orders: Production Volume: Economic Activity: Electricity, Gas, Steam, and Air Conditioning Supply for Turkiye index tracks the monthly changes in the production of these essential utilities. It serves as a valuable indicator of industrial and commercial energy demand, which is closely tied to broader economic conditions.
Methodology
The data is collected through surveys of utility providers and calculated as an index relative to a base year.
Historical Context
This trend is widely used by policymakers, market analysts, and researchers to monitor the health of Turkiye's energy sector and make informed decisions.
Key Facts
- The index has a base year of 2010.
- Turkiye is a major producer and consumer of electricity in the region.
- Energy supply is a critical component of the country's economic growth and development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly production volume index for the electricity, gas, steam, and air conditioning supply sector in Turkiye.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the overall energy consumption and economic activity in Turkiye, which is crucial for policymakers, businesses, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of utility providers and calculated as an index relative to a base year.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to monitor the energy sector and make informed decisions about economic policies and regulations.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically within a few months of the reference period. There may be revisions to the historical data over time.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Electricity, Gas, Steam, and Air Conditioning Supply for Turkiye (TURPREND401IXOBM), retrieved from FRED.