Producer Prices Index: Type of Goods: Consumer Goods: Total for Euro Area (19 Countries)
Growth rate previous period, Quarterly
EA19PITGCG01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.83
Year-over-Year Change
213.27%
Date Range
4/1/2000 - 10/1/2022
Summary
The 'Growth rate previous period, Quarterly' trend measures the quarterly growth rate of GDP in the Euro area. It is a key indicator used by economists and policymakers to assess the health and trajectory 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 economic indicator tracks the quarter-over-quarter percentage change in real gross domestic product (GDP) for the 19 countries that make up the Eurozone. It provides a timely signal of the overall economic momentum and direction in the Euro area.
Methodology
The data is calculated from the official GDP figures reported by Eurostat.
Historical Context
Central banks and finance ministries closely monitor this trend to inform monetary and fiscal policy decisions.
Key Facts
- The Eurozone economy grew 0.3% in Q4 2022 compared to the previous quarter.
- GDP growth in the Euro area averaged 0.5% per quarter from 2010-2019.
- The Eurozone entered a technical recession in 2022 with two consecutive quarters of GDP contraction.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Quarterly' metric tracks the quarter-over-quarter percentage change in real GDP for the 19 countries that make up the Eurozone.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides a timely signal of the overall economic momentum and direction in the Euro area, which is crucial information for economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is calculated from the official GDP figures reported by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Central banks and finance ministries closely monitor this trend to inform monetary and fiscal policy decisions aimed at promoting economic stability and growth in the Eurozone.
Q: Are there update delays or limitations?
A: The data is published quarterly by Eurostat, with a lag of approximately 45 days after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (EA19PITGCG01GPQ), retrieved from FRED.