Producer Prices Index: Economic activities: Mining and quarrying activities: Total for the European Union
Growth rate previous period, Quarterly
EU28PIEAMI01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-9.45
Year-over-Year Change
140.27%
Date Range
4/1/2000 - 4/1/2020
Summary
The 'Growth rate previous period, Quarterly' measures the quarterly percent change in Gross Domestic Product (GDP) for the European Union (EU28). This data provides insight into the pace and direction of economic activity, which is crucial for policymakers and analysts.
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 quarterly growth rate of the EU28's GDP, which is the total market value of all goods and services produced within the EU in a given time period. The quarterly growth rate is an important leading indicator used to assess the overall health and trajectory of the European economy.
Methodology
The GDP growth rate is calculated by the statistical office of the European Union, Eurostat, based on GDP data collected from member states.
Historical Context
Policymakers and economists closely monitor this indicator to inform decisions around monetary and fiscal policies.
Key Facts
- Quarterly GDP growth rate for the EU28 region.
- Indicator used to assess the pace of economic activity.
- Data collected and published by Eurostat.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the quarterly percent change in Gross Domestic Product (GDP) for the European Union (EU28) region.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key indicator of the overall health and direction of the European economy, making it crucial for policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the statistical office of the European Union, Eurostat, based on GDP figures reported by member states.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this indicator to inform decisions around monetary and fiscal policies aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical delay of 2-3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (EU28PIEAMI01GPQ), retrieved from FRED.