Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Euro Area (19 Countries)
Growth rate same period previous year, Monthly
EA19PIEAFD02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.18
Year-over-Year Change
183.64%
Date Range
1/1/1996 - 12/1/2022
Summary
The growth rate same period previous year, monthly measures the year-over-year percent change in the eurozone's Purchasing Managers' Index for final demand. This provides a timely gauge of economic activity and business sentiment.
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 eurozone Purchasing Managers' Index (PMI) for final demand is a leading indicator of economic health, compiled monthly from survey data. The year-over-year growth rate gives a longer-term perspective on the trajectory of private sector activity.
Methodology
The data is calculated from monthly business surveys across the eurozone manufacturing and services sectors.
Historical Context
Economists and policymakers closely monitor this PMI growth rate to assess the broader eurozone economy.
Key Facts
- The eurozone PMI covers manufacturing and services.
- Growth above 50% signals economic expansion.
- The data is released monthly, ahead of official GDP.
FAQs
Q: What does this economic trend measure?
A: The growth rate same period previous year, monthly measures the year-over-year percent change in the eurozone's Purchasing Managers' Index for final demand.
Q: Why is this trend relevant for users or analysts?
A: This PMI growth rate is a leading indicator of broader economic activity and business sentiment in the eurozone, providing a timely assessment of the trajectory of private sector performance.
Q: How is this data collected or calculated?
A: The data is calculated from monthly business surveys across the eurozone manufacturing and services sectors.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this PMI growth rate to assess the broader eurozone economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly, ahead of official GDP figures, providing a timely but limited snapshot of economic activity.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (EA19PIEAFD02GYM), retrieved from FRED.