Producer Prices Index: Economic activities: Energy: Domestic for the European Union
Growth rate previous period, Quarterly
EU28PIEAEN02GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-11.22
Year-over-Year Change
247.90%
Date Range
4/1/2000 - 4/1/2020
Summary
The growth rate previous period, Quarterly measures the quarter-over-quarter change in the European Union's Gross Domestic Product (GDP). This metric is a key indicator of overall economic health and performance.
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 quarterly GDP growth rate shows the percent change in economic output compared to the previous quarter. It provides insights into the direction and pace of economic expansion or contraction, which is crucial information for policymakers, investors, and analysts.
Methodology
The data is calculated from the European Union's national accounts statistics.
Historical Context
Policymakers and economists closely monitor this GDP growth rate to guide fiscal and monetary policies.
Key Facts
- The EU28 GDP growth rate averaged 0.4% per quarter from 2000 to 2022.
- GDP growth slowed to 0.1% in Q4 2022 due to high inflation and rising interest rates.
- Quarterly GDP growth is a leading indicator of the business cycle.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period, Quarterly measures the quarter-over-quarter percent change in the European Union's Gross Domestic Product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This GDP growth rate is a crucial indicator of overall economic performance and health, providing insights into the pace and direction of economic expansion or contraction.
Q: How is this data collected or calculated?
A: The data is calculated from the European Union's national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this GDP growth rate to guide fiscal and monetary policies aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a delay of several weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (EU28PIEAEN02GPQ), retrieved from FRED.