Imports: Value Goods for the European Union
Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted
XTIMVA01EUA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.21
Year-over-Year Change
-119.27%
Date Range
1/1/2000 - 1/1/2019
Summary
This economic trend measures the year-over-year growth rate of industrial production in the Eurozone, providing insight into the region's manufacturing and broader 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 Growth Rate Same Period Previous Year metric tracks the annual change in industrial production, reflecting the pace of growth or contraction in the Eurozone's key industrial sectors. Analysts use this data to assess the strength and trajectory of the region's industrial output and overall economic performance.
Methodology
The data is collected through surveys of industrial producers and calculated as the percent change from the same month in the previous year.
Historical Context
This industrial production growth rate is a crucial indicator for policymakers and market participants in monitoring the Eurozone economy.
Key Facts
- The Eurozone is the world's second-largest economy after the United States.
- Industrial production accounts for approximately 20% of the Eurozone's GDP.
- This metric is released monthly by the European Central Bank.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of industrial production in the Eurozone, providing insight into the region's manufacturing and broader economic activity.
Q: Why is this trend relevant for users or analysts?
A: This industrial production growth rate is a crucial indicator for policymakers and market participants in monitoring the Eurozone economy and assessing the strength and trajectory of the region's key industrial sectors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial producers and calculated as the percent change from the same month in the previous year.
Q: How is this trend used in economic policy?
A: This metric is closely watched by the European Central Bank and other policymakers to inform decisions on monetary policy and assess the overall health of the Eurozone economy.
Q: Are there update delays or limitations?
A: The data is released monthly by the European Central Bank with a relatively short delay, making it a timely indicator of Eurozone industrial production.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted (XTIMVA01EUA659S), retrieved from FRED.