Total Construction for the European Union
Index 2015=100, Quarterly, Seasonally Adjusted
PRCNTO01EUQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.23
Year-over-Year Change
9.05%
Date Range
1/1/1993 - 4/1/2018
Summary
This economic series measures the price index for non-energy industrial materials in the Euro area, with a base year of 2015. It is a key indicator of industrial production costs and global economic activity.
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 Non-Energy Industrial Materials Price Index tracks the wholesale prices of a basket of non-energy industrial raw materials and commodities in the Eurozone. It is used by economists and policymakers to assess inflationary pressures, global trade dynamics, and the underlying strength of industrial production.
Methodology
The data is collected and calculated by Eurostat based on prices reported by industrial producers and suppliers.
Historical Context
This index provides important context for the European Central Bank's monetary policy decisions.
Key Facts
- The base year for the index is 2015 = 100.
- Prices are seasonally adjusted and reported quarterly.
- The index tracks a broad basket of non-energy industrial commodities.
FAQs
Q: What does this economic trend measure?
A: This index measures the wholesale prices of a basket of non-energy industrial raw materials and commodities in the Eurozone.
Q: Why is this trend relevant for users or analysts?
A: The Non-Energy Industrial Materials Price Index is an important indicator of industrial production costs, global trade dynamics, and inflationary pressures in the Eurozone.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Eurostat based on prices reported by industrial producers and suppliers.
Q: How is this trend used in economic policy?
A: This index provides important context for the European Central Bank's monetary policy decisions, as it reflects underlying pressures on industrial production and prices.
Q: Are there update delays or limitations?
A: The index is reported quarterly with a short publication delay, and may not capture all regional or sectoral variations in industrial material prices.
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Citation
U.S. Federal Reserve, Non-Energy Industrial Materials Price Index (PRCNTO01EUQ661S), retrieved from FRED.