Import Price Index by Origin (NAICS): Chemical Manufacturing for European Union
COEECZ325 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.30
Year-over-Year Change
-1.04%
Date Range
6/1/2012 - 6/1/2025
Summary
The Import Price Index by Origin (NAICS): Chemical Manufacturing for European Union measures the changes in prices of imported chemical manufacturing goods from the European Union. This index is an important economic indicator that provides insights into trade dynamics and inflationary pressures.
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 tracks the prices of a basket of imported chemical manufacturing goods from the European Union, a major trade partner for the United States. It is used by economists and policymakers to analyze trade flows, exchange rate impacts, and overall import price trends in the chemical manufacturing sector.
Methodology
The data is collected through surveys of importers and calculated using a modified Laspeyres formula.
Historical Context
This index contributes to the Federal Reserve's broader monitoring of inflation and trade conditions.
Key Facts
- The index uses 2012 as the base year.
- Chemical manufacturing accounts for a significant portion of U.S. imports from the EU.
- The index is released monthly as part of the Import/Export Price Indexes.
FAQs
Q: What does this economic trend measure?
A: This index measures the changes in prices of imported chemical manufacturing goods from the European Union.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into trade dynamics, exchange rate impacts, and inflationary pressures in the chemical manufacturing sector, which is important for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of importers and calculated using a modified Laspeyres formula.
Q: How is this trend used in economic policy?
A: This index contributes to the Federal Reserve's broader monitoring of inflation and trade conditions, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The index is released monthly as part of the Import/Export Price Indexes, with a typical delay of several weeks.
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Citation
U.S. Federal Reserve, Import Price Index by Origin (NAICS): Chemical Manufacturing for European Union (COEECZ325), retrieved from FRED.