Import Price Index by Origin (NAICS): Manufacturing, Part 2 for European Union
COEECZ32 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.50
Year-over-Year Change
-2.12%
Date Range
6/1/2012 - 6/1/2025
Summary
The Import Price Index by Origin (NAICS): Manufacturing, Part 2 for European Union measures the monthly change in prices of manufactured goods imported into the United States from the European Union. This index is a key indicator of inflationary pressures and trade dynamics.
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
This index tracks the prices of a representative basket of manufactured goods imported from the European Union, covering a wide range of industrial products. It is used by economists and policymakers to analyze the impact of exchange rates, tariffs, and other factors on the cost of imported goods.
Methodology
The data is collected through surveys of importers and calculated using a Laspeyres formula.
Historical Context
This index is closely monitored by the Federal Reserve and other agencies to assess the state of international trade and its implications for domestic inflation.
Key Facts
- The index has a base year of 2017 = 100.
- Prices are measured at the border before domestic distribution.
- The index covers a wide range of manufactured products.
FAQs
Q: What does this economic trend measure?
A: The Import Price Index by Origin (NAICS): Manufacturing, Part 2 for European Union measures the monthly change in prices of manufactured goods imported into the United States from the European Union.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and trade dynamics, providing insights into the cost of imported goods and the impact of exchange rates, tariffs, and other factors on international trade.
Q: How is this data collected or calculated?
A: The data is collected through surveys of importers and calculated using a Laspeyres formula.
Q: How is this trend used in economic policy?
A: This index is closely monitored by the Federal Reserve and other agencies to assess the state of international trade and its implications for domestic inflation.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical lag of one month.
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Citation
U.S. Federal Reserve, Import Price Index by Origin (NAICS): Manufacturing, Part 2 for European Union (COEECZ32), retrieved from FRED.