Producer Prices Index: Type of goods: Investments goods: Domestic for the European Union
EU28PITGVG02GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
N/A%
Date Range
2/1/1995 - 6/1/2020
Summary
The Producer Prices Index for Investment Goods measures changes in wholesale prices for capital equipment and machinery purchased by businesses in the European Union. This metric provides insight into inflationary pressures and production costs faced by EU manufacturers.
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 Producer Prices Index for Investment Goods tracks the wholesale prices of a wide range of capital equipment, machinery, and other investment goods produced and sold within the European Union. This index is a key indicator of cost pressures and production trends for the EU's manufacturing sector.
Methodology
The data is collected through surveys of EU producers and compiled by Eurostat.
Historical Context
Policymakers and analysts monitor this index to assess the state of EU industrial activity and inflationary dynamics.
Key Facts
- The index uses 2015 as the base year with a value of 100.
- Investment goods account for around 30% of total producer prices in the EU.
- Prices for investment goods tend to be less volatile than consumer prices.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for Investment Goods measures changes in wholesale prices for capital equipment and machinery purchased by businesses in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into inflationary pressures and production costs faced by EU manufacturers, which is crucial information for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of EU producers and compiled by Eurostat.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this index to assess the state of EU industrial activity and inflationary dynamics, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revisions by the compiling agency.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of goods: Investments goods: Domestic for the European Union (EU28PITGVG02GPM), retrieved from FRED.