Production: Construction: Total for Euro Area (19 Countries)
Growth rate previous period, Monthly, Seasonally Adjusted
EA19PRCNTO01GPSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.36
Year-over-Year Change
98.58%
Date Range
2/1/1985 - 9/1/2023
Summary
The 'Growth rate previous period, Monthly, Seasonally Adjusted' metric measures the month-over-month change in the growth rate of the Eurozone economy, providing a timely gauge of economic momentum.
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 tracks the monthly percent change in the Eurozone's real gross domestic product (GDP), adjusted for seasonal variations. It offers a high-frequency indicator of the pace of economic expansion or contraction within the Eurozone.
Methodology
The data is calculated from Eurostat's monthly GDP estimates.
Historical Context
This growth rate is closely watched by policymakers, analysts, and investors to assess the Eurozone's overall economic health and guide fiscal and monetary policy decisions.
Key Facts
- The Eurozone is the world's second-largest economy after the United States.
- Quarterly GDP data is published with a 45-day lag, making the monthly growth rate an important real-time indicator.
- Negative growth rates signal an economic recession in the Eurozone.
FAQs
Q: What does this economic trend measure?
A: This metric measures the month-over-month percent change in the Eurozone's real gross domestic product (GDP), adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The monthly GDP growth rate is a closely watched indicator of the Eurozone's overall economic health and performance, providing timely insights to guide policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is calculated from Eurostat's monthly GDP estimates for the Eurozone.
Q: How is this trend used in economic policy?
A: Policymakers, such as the European Central Bank, closely monitor this growth rate to assess the state of the Eurozone economy and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The monthly GDP data is published with a short lag, making it a more timely indicator than the quarterly GDP releases.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly, Seasonally Adjusted (EA19PRCNTO01GPSAM), retrieved from FRED.