Import Price Index by Origin (NAICS): Other General Purpose Machinery Manufacturing for European Union
COEECZ3339 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.90
Year-over-Year Change
2.91%
Date Range
6/1/2012 - 7/1/2025
Summary
The Import Price Index by Origin (NAICS): Other General Purpose Machinery Manufacturing for European Union measures changes in the prices of machinery and equipment imported from the European Union. This index is an important indicator of trade dynamics and inflationary 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
This index tracks the prices of a wide range of machinery and equipment imported from the European Union, including industrial, commercial, and office machinery. It is used by economists and policymakers to assess the competitiveness of U.S. manufacturers and the impact of exchange rate fluctuations on import costs.
Methodology
The data is collected through surveys of importing businesses and calculated using a Laspeyres formula.
Historical Context
The index provides insight into global supply chains and the state of international trade.
Key Facts
- The index has a base year of 2012.
- Machinery and equipment make up about 10% of total U.S. imports.
- The index is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Import Price Index by Origin (NAICS): Other General Purpose Machinery Manufacturing for European Union measures changes in the prices of machinery and equipment imported from the European Union.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into global trade dynamics, competitiveness, and inflationary pressures related to machinery and equipment imports.
Q: How is this data collected or calculated?
A: The data is collected through surveys of importing businesses and calculated using a Laspeyres formula.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the impact of exchange rates and trade policies on the cost of imported machinery and equipment.
Q: Are there update delays or limitations?
A: The index is released monthly by the U.S. Bureau of Labor Statistics with no significant update delays.
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Citation
U.S. Federal Reserve, Import Price Index by Origin (NAICS): Other General Purpose Machinery Manufacturing for European Union (COEECZ3339), retrieved from FRED.