Production: Manufacturing: Investment goods: Total for the European Union
EU28PRMNVG01IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.49
Year-over-Year Change
-3.41%
Date Range
1/1/1991 - 12/1/2018
Summary
This economic indicator tracks the production index for manufacturing investment goods in the European Union. It serves as an important measure of industrial activity and economic health.
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 EU manufacturing investment goods production index represents the volume of output for capital goods produced within the EU28 countries. This metric is closely watched by economists and policymakers as an indicator of investment, business confidence, and overall economic momentum.
Methodology
The index is calculated based on survey data collected from manufacturing firms in EU member states.
Historical Context
Trends in this production index are used to assess the strength of the European industrial sector and inform economic policy decisions.
Key Facts
- The index is calculated with a base year of 2015.
- Investment goods production makes up around 40% of total EU manufacturing output.
- The index reached an all-time high in 2018 before declining during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the production volume of investment goods, such as machinery and equipment, produced by the manufacturing sector across the European Union.
Q: Why is this trend relevant for users or analysts?
A: The investment goods production index provides valuable insight into the strength of business investment and industrial activity within the EU, which is crucial for understanding economic conditions and growth prospects.
Q: How is this data collected or calculated?
A: The index is calculated based on survey data collected from manufacturing firms in EU member states.
Q: How is this trend used in economic policy?
A: Trends in this production index are closely monitored by policymakers and economists to assess the health of the European industrial sector and inform policy decisions.
Q: Are there update delays or limitations?
A: There may be a lag of several months in the release of the latest data, and the index may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Investment goods: Total for the European Union (EU28PRMNVG01IXOBSAM), retrieved from FRED.