Producer Prices Index: Economic activities: Industrial activities: Total for the European Union
Growth rate previous period, Quarterly
EU28PIEATI01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.10
Year-over-Year Change
-106.41%
Date Range
4/1/2000 - 10/1/2019
Summary
The 'Growth rate previous period, Quarterly' metric measures the quarterly change in real GDP for the European Union 28 countries. This indicator provides valuable insights into the pace and direction of economic growth across 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
This GDP growth rate tracks the quarter-over-quarter change in the total value of goods and services produced in the European Union. It is a key economic indicator used by policymakers, analysts, and investors to assess the strength and trajectory of the EU economy.
Methodology
The data is collected and calculated by Eurostat, the statistical office of the European Union.
Historical Context
The GDP growth rate is closely monitored by the European Central Bank and other economic institutions to inform monetary and fiscal policy decisions.
Key Facts
- The EU GDP growth rate averaged 0.4% in 2022.
- Quarterly GDP growth ranged from -0.1% to 0.8% in the past year.
- GDP growth is a primary indicator of economic performance in the EU.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Quarterly' indicator measures the quarter-over-quarter change in real GDP for the European Union 28 countries.
Q: Why is this trend relevant for users or analysts?
A: This GDP growth rate is a key economic indicator used by policymakers, analysts, and investors to assess the strength and trajectory of the EU economy.
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: The GDP growth rate is closely monitored by the European Central Bank and other economic institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published quarterly by Eurostat with a short delay, typically 2-3 months after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (EU28PIEATI01GPQ), retrieved from FRED.