Imports: Value Goods for the European Union
Growth Rate Same Period Previous Year, Monthly, Seasonally Adjusted
XTIMVA01EUM659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.90
Year-over-Year Change
61.87%
Date Range
1/1/2000 - 1/1/2020
Summary
This economic trend measures the year-over-year growth rate of industrial production in the European Union on a monthly basis, adjusted for seasonal factors.
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 of industrial production is a key indicator of economic activity and manufacturing health. Economists and policymakers use this data to assess the state of the EU's industrial sector and broader economic conditions.
Methodology
The data is collected through surveys of industrial companies and calculated by Eurostat, the EU's statistical agency.
Historical Context
This trend informs monetary and fiscal policy decisions by the European Central Bank and EU member governments.
Key Facts
- The EU's industrial production grew 4.2% year-over-year in January 2023.
- Manufacturing accounts for over 20% of the EU's GDP.
- Growth in industrial output slowed in 2022 amid economic headwinds.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of industrial production in the European Union on a monthly basis, adjusted for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: The growth rate of industrial production is a key indicator of economic activity and manufacturing health, informing monetary and fiscal policy decisions by the European Central Bank and EU member governments.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial companies and calculated by Eurostat, the EU's statistical agency.
Q: How is this trend used in economic policy?
A: This trend informs monetary and fiscal policy decisions by the European Central Bank and EU member governments.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately 6-8 weeks.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Monthly, Seasonally Adjusted (XTIMVA01EUM659S), retrieved from FRED.