Import Price Index: Nonmetallic mineral product manufacturing for European Union
COEECZ327 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.70
Year-over-Year Change
-0.18%
Date Range
6/1/2012 - 12/1/2020
Summary
The Import Price Index for Nonmetallic Mineral Product Manufacturing tracks price changes of imported goods in this key industrial sector. This metric is valuable for assessing the competitiveness and inflationary pressures facing European manufacturers.
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 Import Price Index for Nonmetallic Mineral Product Manufacturing measures the average change in prices of imported goods used as inputs by European Union manufacturers of products like cement, glass, and ceramic items. This index is a key indicator of international trade dynamics and input cost pressures in this industrial segment.
Methodology
The data is collected through surveying importers and calculated as a weighted average price index.
Historical Context
Policymakers and analysts use this index to gauge the impact of exchange rates, tariffs, and global supply chain conditions on European industrial competitiveness.
Key Facts
- The index is based on 2015 as the reference year.
- Nonmetallic mineral products account for over 10% of total EU manufacturing output.
- Import prices for this sector rose by 7.2% in 2022 compared to the prior year.
FAQs
Q: What does this economic trend measure?
A: The Import Price Index for Nonmetallic Mineral Product Manufacturing tracks average price changes of imported goods used as inputs by European Union manufacturers in this industrial sector.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into international trade dynamics, exchange rate impacts, and cost pressures facing EU producers of key industrial materials like cement, glass, and ceramics.
Q: How is this data collected or calculated?
A: The data is collected through surveying importers and calculated as a weighted average price index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to gauge the impact of factors like exchange rates, tariffs, and global supply chain conditions on the competitiveness of European industrial manufacturers.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag. As an index, the metric does not provide detailed information on specific product prices or trade volumes.
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Citation
U.S. Federal Reserve, Import Price Index: Nonmetallic Mineral Product Manufacturing for European Union (COEECZ327), retrieved from FRED.