Import Price Index by Origin (NAICS): Industrial Machinery Manufacturing for European Union
COEECZ3332 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.20
Year-over-Year Change
3.65%
Date Range
6/1/2012 - 6/1/2025
Summary
The Import Price Index by Origin (NAICS): Industrial Machinery Manufacturing for European Union tracks changes in the prices of imported industrial machinery from EU countries. This metric provides insights into international trade dynamics and manufacturing cost pressures.
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 Import Price Index for industrial machinery imports from the European Union is a key economic indicator used to analyze trends in global trade and domestic manufacturing competitiveness. It measures price changes in a range of industrial machinery and equipment imported from EU member states.
Methodology
The data is collected through surveys of importers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This index informs policymakers and businesses about international cost and price factors affecting domestic manufacturing industries.
Key Facts
- Tracks prices of industrial machinery imports from the EU.
- Provides insights into global trade and domestic manufacturing costs.
- Calculated monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Import Price Index for Industrial Machinery Manufacturing from the European Union measures changes in the prices of a range of industrial machinery and equipment imported from EU member states.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of international trade dynamics and manufacturing cost pressures, informing policymakers and businesses about factors affecting domestic industrial production.
Q: How is this data collected or calculated?
A: The data is collected through surveys of importers and calculated monthly by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This index provides valuable insights for policymakers and economists analyzing global trade patterns and domestic manufacturing competitiveness.
Q: Are there update delays or limitations?
A: The Import Price Index data is published monthly with a lag, providing timely but not real-time information on international machinery trade.
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Citation
U.S. Federal Reserve, Import Price Index by Origin (NAICS): Industrial Machinery Manufacturing for European Union (COEECZ3332), retrieved from FRED.