Producer Prices Index: Economic Activities: Domestic Energy for the European Union
Annual
PIEAEN02EUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.53
Year-over-Year Change
20.76%
Date Range
1/1/2000 - 1/1/2019
Summary
The Annual Percentage Change in Nominal Effective Exchange Rate (NEER) for the U.S. dollar measures the relative strength of the U.S. currency compared to its major trading partners. This trend is a key indicator of international price competitiveness.
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 Nominal Effective Exchange Rate (NEER) is an index that tracks the value of the U.S. dollar against a basket of major currencies, weighted by trade volume. The annual percentage change in this index is an important metric for analyzing the economic impact of exchange rate movements.
Methodology
The Federal Reserve calculates the NEER based on exchange rates and trade data.
Historical Context
Policymakers and analysts use the NEER trend to assess the U.S. dollar's international purchasing power and implications for exports, imports, and the trade balance.
Key Facts
- The NEER index is based on trade-weighted exchange rates for the U.S. dollar.
- A rising NEER indicates the U.S. dollar is strengthening relative to trading partners.
- The annual NEER trend helps gauge the U.S. economy's international price competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Annual Percentage Change in Nominal Effective Exchange Rate (NEER) tracks the relative strength of the U.S. dollar compared to a basket of major currencies.
Q: Why is this trend relevant for users or analysts?
A: The NEER trend is an important indicator of the U.S. dollar's international purchasing power and competitiveness, with implications for trade, inflation, and monetary policy.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates the NEER based on exchange rates and trade data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the NEER trend to assess the U.S. dollar's impact on exports, imports, and the trade balance, informing decisions on monetary and trade policy.
Q: Are there update delays or limitations?
A: The NEER data is published monthly with a short lag, providing timely information on exchange rate trends.
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Citation
U.S. Federal Reserve, Annual Percentage Change in Nominal Effective Exchange Rate (PIEAEN02EUA661N), retrieved from FRED.