Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Euro Area (19 Countries)
Growth rate same period previous year, Quarterly
EA19PIEAFD01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.62
Year-over-Year Change
813.48%
Date Range
1/1/2001 - 10/1/2022
Summary
The growth rate same period previous year, Quarterly trend measures the year-over-year change in real GDP for the Euro area. This provides valuable insights into the overall health and direction of the Eurozone economy.
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 indicator tracks the annualized rate of change in real GDP compared to the same quarter in the previous year. It is a key metric used by economists and policymakers to assess the Eurozone's economic performance and forecast future growth.
Methodology
The data is calculated by the European Central Bank using official national accounts data.
Historical Context
The growth rate same period previous year, Quarterly is closely monitored by the ECB and market analysts to inform monetary policy decisions and investment strategies.
Key Facts
- The Eurozone economy grew 5.4% year-over-year in Q4 2022.
- GDP growth has slowed from a peak of 14.3% in Q2 2021.
- The growth rate has remained positive since the COVID-19 recession.
FAQs
Q: What does this economic trend measure?
A: The growth rate same period previous year, Quarterly measures the year-over-year change in real GDP for the Euro area. It provides a snapshot of the Eurozone's overall economic performance.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists, policymakers, and investors as an indicator of the Eurozone's economic health and direction. It informs decisions around monetary policy, investments, and forecasts.
Q: How is this data collected or calculated?
A: The data is calculated by the European Central Bank using official national accounts data from Eurozone member states.
Q: How is this trend used in economic policy?
A: The growth rate same period previous year, Quarterly is a key input for the European Central Bank's monetary policy decisions, as well as economic analyses and forecasts by institutions and market participants.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 2 months, reflecting the time required to compile and validate the national accounts data across Eurozone member states.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (EA19PIEAFD01GYQ), retrieved from FRED.