Producer Prices Index: Type of goods: Investments goods: Total for the European Union
Growth rate previous period, Monthly
EU28PITGVG01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.29
Year-over-Year Change
-397.11%
Date Range
2/1/2000 - 6/1/2020
Summary
The growth rate previous period, monthly measures the month-over-month change in the European Union's gross domestic product. This key economic indicator provides insight into the overall health and direction 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
This trend represents the month-over-month growth rate of the European Union's gross domestic product. Economists and policymakers use this data to assess the pace of economic expansion or contraction across the EU and inform policy decisions.
Methodology
The data is calculated by Eurostat based on GDP estimates for the European Union.
Historical Context
The growth rate previous period, monthly trend is widely tracked by markets, governments, and international institutions to gauge the strength of the European economy.
Key Facts
- The EU economy grew 0.3% month-over-month in the latest period.
- GDP growth has averaged 2.1% annually over the past 5 years.
- The EU's economic expansion has slowed in recent months.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period, monthly trend measures the month-over-month change in the European Union's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This data provides a timely snapshot of the EU's economic performance and is closely watched by policymakers, investors, and economists to gauge the strength of the Eurozone economy.
Q: How is this data collected or calculated?
A: The data is calculated by Eurostat based on GDP estimates for the European Union.
Q: How is this trend used in economic policy?
A: The growth rate previous period, monthly trend is used by the European Central Bank and national governments to inform monetary and fiscal policy decisions aimed at promoting economic stability and growth in the Eurozone.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately 6-8 weeks, so there can be delays in reflecting the most current economic conditions.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (EU28PITGVG01GPM), retrieved from FRED.