Producer Prices Index: Economic Activities: Domestic Manufacturing for the European Union
PIEAMP02EUM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.90
Year-over-Year Change
-2.19%
Date Range
1/1/1995 - 6/1/2020
Summary
The Producer Prices Index: Economic Activities: Domestic Manufacturing for the European Union measures changes in the prices of goods and services sold by European Union manufacturers. It is a key indicator of inflationary pressures in the industrial sector.
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 monthly price changes of finished goods and services produced and sold within the European Union. It provides insight into the pricing dynamics of the domestic manufacturing industry, which is an important driver of overall economic activity.
Methodology
The data is collected through surveys of European manufacturing firms and aggregated to calculate the monthly index.
Historical Context
Policymakers and analysts use this index to assess the state of the European manufacturing sector and its impact on broader economic conditions.
Key Facts
- The index base year is 2015 = 100.
- The index is published monthly by the U.S. Federal Reserve.
- It covers over 600 individual manufacturing activities in the EU.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Economic Activities: Domestic Manufacturing for the European Union measures changes in the prices of goods and services sold by manufacturers within the European Union.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insight into inflationary pressures in the European manufacturing sector, which is a key driver of overall economic activity in the region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of European manufacturing firms and aggregated to calculate the monthly index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the state of the European manufacturing sector and its impact on broader economic conditions, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by the U.S. Federal Reserve with a typical delay of several weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Domestic Manufacturing for the European Union (PIEAMP02EUM661N), retrieved from FRED.