Production: Manufacturing: Total manufacturing: Total manufacturing for the European Union
EU28PRMNTO01IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.11
Year-over-Year Change
-1.50%
Date Range
1/1/1990 - 1/1/2020
Summary
The 'Production: Manufacturing: Total manufacturing: Total manufacturing for the European Union' trend measures the overall output of the European manufacturing sector. This metric is a key indicator of economic health and industrial activity in 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 index tracks the volume of total manufacturing production in the 28 member states of the European Union. It is a widely-used gauge of the region's industrial performance and competitiveness in global markets.
Methodology
The data is collected through surveys of manufacturing firms and compiled by Eurostat, the EU's statistical agency.
Historical Context
Policymakers and analysts closely monitor this indicator to assess the EU's economic trajectory and inform decisions on monetary and fiscal policies.
Key Facts
- The EU manufacturing index uses 2015 as the base year.
- Manufacturing accounts for about 20% of the EU's total economic output.
- Germany is the largest contributor to the EU manufacturing index.
FAQs
Q: What does this economic trend measure?
A: This index tracks the overall volume of manufacturing production across the 28 member states of the European Union.
Q: Why is this trend relevant for users or analysts?
A: The EU manufacturing index is a crucial indicator of the region's industrial performance and competitiveness in global markets.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms and compiled by Eurostat, the statistical agency of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this indicator to assess the EU's economic trajectory and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly by Eurostat with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Total manufacturing: Total manufacturing for the European Union (EU28PRMNTO01IXOBSAM), retrieved from FRED.