Producer Prices Index: Type of goods: Consumer goods: Total for the European Union
Growth rate same period previous year, Quarterly
EU28PITGCG01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.01
Year-over-Year Change
-56.15%
Date Range
1/1/2001 - 4/1/2020
Summary
This economic indicator measures the year-over-year growth rate of the quarterly GDP for the European Union. It is a key statistic used by economists and policymakers to assess the overall health and trajectory of the EU economy.
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 GDP growth rate same period previous year, Quarterly reflects the percent change in the European Union's total economic output from one quarter to the same quarter of the prior year. This metric provides context on the pace of economic expansion or contraction compared to the prior year period.
Methodology
The data is calculated by the Eurostat statistical agency based on quarterly GDP estimates.
Historical Context
Economists and analysts closely monitor this trend to understand the business cycle and inform policy decisions.
Key Facts
- Measures year-over-year change in EU GDP
- Calculated and published by Eurostat
- Used to assess economic expansion/contraction
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate of the European Union's quarterly GDP, providing insight into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate same period previous year is a key statistic used by economists and policymakers to evaluate the overall health and trajectory of the EU economy.
Q: How is this data collected or calculated?
A: The data is calculated by the Eurostat statistical agency based on quarterly GDP estimates for the European Union.
Q: How is this trend used in economic policy?
A: Economists and analysts closely monitor this GDP growth metric to understand the business cycle and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in data availability or revisions to prior period estimates, as is common with GDP statistics.
Related Trends
Producer Prices Index: Economic Activities: Total Manufacturing for the European Union
PIEAMP01EUM661N
Harmonized Index of Consumer Prices: Games, Toys and Hobbies for European Union (28 Countries)
CP0931EU28M086NEST
Total Employment by Professional Status: Employees for the European Union
LFESEETTEUQ647N
Harmonized Index of Consumer Prices: Other Recreational Items and Equipment, Gardens and Pets for European Union
CP0930EUCCM086NEST
Producer Prices Index: Economic Activities: Domestic Mining and Quarrying Activities for the European Union
PIEAMI02EUA661N
Unemployment Rate: Aged 15-64: All Persons for the European Union
LRUN64TTEUA156S
Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (EU28PITGCG01GYQ), retrieved from FRED.