Total Construction for the European Union
Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted
PRCNTO01EUQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.09
Year-over-Year Change
37.29%
Date Range
1/1/1994 - 4/1/2018
Summary
This economic trend measures the year-over-year growth rate of a key price index in the Eurozone, adjusted for seasonal variations. It provides insights into inflationary pressures and the overall health of the European economy.
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 Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted trend tracks the annual percent change in a Eurozone price index on a quarterly basis, with adjustments to account for typical seasonal fluctuations. This metric is widely used by economists and policymakers to monitor inflation and evaluate the broader economic environment.
Methodology
The data is collected and calculated by the European Central Bank based on its Harmonized Index of Consumer Prices (HICP).
Historical Context
This trend is closely watched by the ECB and other institutions to inform monetary policy decisions aimed at maintaining price stability in the Eurozone.
Key Facts
- The Eurozone's annual inflation rate reached a record high of 10.7% in October 2022.
- The ECB has raised interest rates multiple times in 2022 to combat surging inflation.
- High inflation erodes consumer purchasing power and can slow economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of a key price index in the Eurozone, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into inflationary pressures and the overall health of the European economy, which is crucial information for policymakers, investors, and other economic stakeholders.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the European Central Bank based on its Harmonized Index of Consumer Prices (HICP).
Q: How is this trend used in economic policy?
A: This trend is closely watched by the ECB and other institutions to inform monetary policy decisions aimed at maintaining price stability in the Eurozone.
Q: Are there update delays or limitations?
A: The data is released quarterly by the European Central Bank, so there may be a delay in the most recent information.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted (PRCNTO01EUQ659S), retrieved from FRED.