Producer Prices Index: Economic activities: Mining and quarrying activities: Total for the European Union
EU28PIEAMI01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.12
Year-over-Year Change
-96.05%
Date Range
2/1/2000 - 6/1/2020
Summary
The Producer Prices Index for Mining and Quarrying activities in the European Union measures price changes for goods and services produced by these industries. It is a key indicator of producer inflation and economic activity in the EU.
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 Producer Prices Index (PPI) for Mining and Quarrying activities in the EU tracks the average change in prices received by producers for their output. This index is used to monitor producer-level price trends and inflationary pressures across the region's industrial sector.
Methodology
The data is collected through surveys of mining and quarrying companies and calculated using a Laspeyres index formula.
Historical Context
Policymakers and analysts use this PPI index to assess the state of the EU's industrial economy and guide monetary and fiscal policy decisions.
Key Facts
- The base year for this index is 2015 = 100.
- The index covers NACE Rev. 2 mining and quarrying activities (sections B05-B09).
- Prices are measured at the producer or factory-gate level.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of goods and services produced by the mining and quarrying industries in the European Union.
Q: Why is this trend relevant for users or analysts?
A: The PPI for mining and quarrying is a key indicator of producer-level inflation and economic activity in the EU's industrial sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of mining and quarrying companies and calculated using a Laspeyres index formula.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this PPI index to assess the state of the EU's industrial economy and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The PPI data has a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic activities: Mining and quarrying activities: Total for the European Union (EU28PIEAMI01GPM), retrieved from FRED.