Leading Indicators OECD: Reference Series: Gross Domestic Product (GDP): Trend for the Euro Area (19 Countries)
EA19LORSGPTDSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.60
Year-over-Year Change
0.98%
Date Range
3/1/1960 - 8/1/2022
Summary
The Leading Indicators OECD: Reference Series: Gross Domestic Product (GDP): Trend for the Euro Area (19 Countries) tracks the cyclical direction and momentum of the Euro area's economic activity.
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 series provides a forward-looking indicator of the Euro area's economic performance, helping economists and policymakers anticipate business cycle fluctuations and assess the state of the broader economy.
Methodology
The data is calculated using OECD's composite leading indicator methodology.
Historical Context
This trend is widely monitored by central banks, governments, and financial markets to inform economic and policy decisions.
Key Facts
- The trend data is published monthly by the OECD.
- It covers the 19 countries that are members of the Eurozone.
- The indicator is designed to signal peaks and troughs in the business cycle.
FAQs
Q: What does this economic trend measure?
A: The Leading Indicators OECD: Reference Series: Gross Domestic Product (GDP): Trend for the Euro Area (19 Countries) measures the cyclical direction and momentum of economic activity in the Eurozone.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a forward-looking indicator of the Eurozone's economic performance, helping economists and policymakers anticipate business cycle fluctuations and assess the state of the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated using OECD's composite leading indicator methodology.
Q: How is this trend used in economic policy?
A: This trend is widely monitored by central banks, governments, and financial markets to inform economic and policy decisions.
Q: Are there update delays or limitations?
A: The trend data is published monthly by the OECD, with no significant update delays.
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Citation
U.S. Federal Reserve, Leading Indicators OECD: Reference Series: Gross Domestic Product (GDP): Trend for the Euro Area (19 Countries) (EA19LORSGPTDSTSAM), retrieved from FRED.