International Trade: Imports: Value (goods): Total for the European Union
National currency, monthly level, Quarterly, Not Seasonally Adjusted
EU28XTIMVA01NCMLQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,402,863,800,000.00
Year-over-Year Change
14.01%
Date Range
1/1/1999 - 10/1/2019
Summary
This series tracks the monthly level of national currency for the European Union (EU28) on a quarterly, not seasonally adjusted basis. It provides insight into the overall monetary environment and economic conditions across the region.
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 National currency, monthly level trend measures the value of the national currency for the EU28 countries on a quarterly basis without seasonal adjustments. This data point offers economists and policymakers an unfiltered view of the prevailing monetary climate and can signal inflationary pressures or stability within the broader economy.
Methodology
The data is collected directly from the European Central Bank and other national statistical agencies.
Historical Context
Monetary policy analysts use this series to assess exchange rate dynamics and the purchasing power of the euro across the EU member states.
Key Facts
- The EU28 includes 28 member states.
- The national currency trend is reported on a quarterly basis.
- Data is not seasonally adjusted.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly level of national currency for the European Union (EU28) on a quarterly, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the overall monetary environment and economic conditions across the EU region, which is important for economists and policymakers analyzing exchange rate dynamics and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected directly from the European Central Bank and other national statistical agencies.
Q: How is this trend used in economic policy?
A: Monetary policy analysts use this series to assess exchange rate dynamics and the purchasing power of the euro across the EU member states.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis with no seasonal adjustments, which may limit its timeliness for some applications.
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Citation
U.S. Federal Reserve, National currency, monthly level, Quarterly, Not Seasonally Adjusted (EU28XTIMVA01NCMLQ), retrieved from FRED.