Producer Prices Index: Economic activities: Mining and quarrying activities: Total for the European Union
Growth rate same period previous year, Quarterly
EU28PIEAMI01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-14.40
Year-over-Year Change
-251.61%
Date Range
1/1/2001 - 4/1/2020
Summary
This economic trend measures the year-over-year growth rate of the EU28 gross domestic product (GDP) on a quarterly basis. It provides a key indicator of overall economic performance and growth trajectory in the European Union.
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 growth rate same period previous year, Quarterly trend tracks the year-over-year percent change in the EU28 GDP, offering insights into the pace and direction of economic expansion or contraction across the European Union. This metric is closely monitored by policymakers, analysts, and businesses to assess the health of the broader European economy.
Methodology
The data is collected and calculated by Eurostat, the statistical office of the European Union.
Historical Context
This trend is widely used to inform economic policy decisions and investment strategies within the EU and globally.
Key Facts
- The EU28 GDP grew 4.6% year-over-year in Q4 2022.
- GDP growth has slowed from a high of 14.3% in Q2 2021.
- The EU economy faces headwinds from high inflation and geopolitical tensions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in the gross domestic product (GDP) of the European Union's 28 member states on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The EU28 GDP growth rate is a key indicator of the overall health and trajectory of the European economy, providing important insights for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: This GDP growth rate trend is closely monitored by the European Central Bank and other policymakers to inform monetary and fiscal policy decisions aimed at promoting economic stability and growth across the EU.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a typical release lag of approximately 2 months after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (EU28PIEAMI01GYQ), retrieved from FRED.