Producer Prices Index: Total Durable Consumer Goods for the European Union
Quarterly
PITGCD01EUQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.47
Year-over-Year Change
2.54%
Date Range
1/1/2000 - 4/1/2020
Summary
The Quarterly Gross Domestic Product (GDP) measures the total value of all goods and services produced in the European Union over a three-month period. It is a key indicator of economic health and growth.
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 Quarterly GDP represents the broadest measure of economic activity in the European Union. Economists and policymakers use it to assess the overall performance of the EU economy and make informed decisions about fiscal and monetary policies.
Methodology
The data is collected and calculated by Eurostat, the statistical office of the European Union.
Historical Context
The Quarterly GDP is closely watched by financial markets, central banks, and government agencies to gauge the direction of the economy.
Key Facts
- The Quarterly GDP is released approximately 45 days after the end of each quarter.
- The European Union is the world's second-largest economy after the United States.
- GDP growth is a key target for the European Central Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Gross Domestic Product (GDP) measures the total value of all goods and services produced in the European Union during a three-month period.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly GDP is a critical indicator of the overall health and performance of the European economy, and is closely watched by policymakers, financial markets, and economic analysts.
Q: How is this data collected or calculated?
A: The data for the Quarterly GDP is collected and calculated by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The Quarterly GDP is used by the European Central Bank and other policymakers to inform monetary and fiscal policies aimed at promoting economic growth and stability in the European Union.
Q: Are there update delays or limitations?
A: The Quarterly GDP data is released approximately 45 days after the end of each quarter, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly Gross Domestic Product (PITGCD01EUQ661N), retrieved from FRED.