Production: Construction: Total for Euro Area (19 Countries)
Index 2015=100, Quarterly, Seasonally Adjusted
PRCNTO01EZQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.84
Year-over-Year Change
4.64%
Date Range
1/1/1985 - 7/1/2023
Summary
The 'Index 2015=100, Quarterly, Seasonally Adjusted' trend measures changes in the total output of the U.S. economy. It is a key economic indicator used by policymakers to assess the overall health and trajectory of the national 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
This index, published by the U.S. Federal Reserve, provides a broad-based measure of the total volume of goods and services produced within the United States, adjusted for seasonal variations. It is a widely-referenced gauge of economic performance and a vital input for economic forecasting and policy decisions.
Methodology
The data is calculated based on comprehensive surveys of businesses and households conducted by government statistical agencies.
Historical Context
Policymakers and market analysts closely monitor this index to understand current and future economic conditions, informing decisions on interest rates, fiscal policy, and other interventions.
Key Facts
- The index is set to 100 for the year 2015 as the base year.
- It covers the entire U.S. economy, including the private and public sectors.
- Quarterly updates allow for timely assessment of economic performance.
FAQs
Q: What does this economic trend measure?
A: This index measures the total volume of goods and services produced within the United States on a quarterly basis, adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The index is a vital gauge of overall economic health and performance, informing policymakers and market participants on the current state and trajectory of the national economy.
Q: How is this data collected or calculated?
A: The data is calculated based on comprehensive surveys of businesses and households conducted by government statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this index to understand current and future economic conditions, informing decisions on interest rates, fiscal policy, and other interventions.
Q: Are there update delays or limitations?
A: The index is updated quarterly, providing timely insights into economic performance, although there may be some delays in data collection and publication.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly, Seasonally Adjusted (PRCNTO01EZQ661S), retrieved from FRED.