Import Price Index by Origin (NAICS): Agriculture, Construction, and Mining Machinery Manufacturing for European Union
COEECZ3331 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.00
Year-over-Year Change
3.39%
Date Range
6/1/2012 - 7/1/2025
Summary
The Import Price Index by Origin (NAICS): Agriculture, Construction, and Mining Machinery Manufacturing for European Union measures the changes in prices of imported machinery and equipment from EU manufacturers for key industrial sectors.
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 imported industrial machinery and equipment from the European Union, providing insights into global trade dynamics and input costs for U.S. businesses in agriculture, construction, and mining.
Methodology
The data is collected through surveys of importing businesses and calculated using a Fisher Ideal index formula.
Historical Context
This index is used by policymakers and economists to monitor international supply chains and trade competitiveness.
Key Facts
- The index has a base year of 2012 = 100.
- Prices are tracked for over 250 types of industrial machinery and equipment.
- The index is published monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of machinery and equipment imported into the U.S. from European Union manufacturers in the agriculture, construction, and mining sectors.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into global trade dynamics and input costs for key U.S. industries, which is valuable information for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of importing businesses and calculated using a Fisher Ideal index formula.
Q: How is this trend used in economic policy?
A: This index is used by policymakers and economists to monitor international supply chains and trade competitiveness, which informs decisions around trade policy, tariffs, and industrial development.
Q: Are there update delays or limitations?
A: The index is published monthly by the U.S. Bureau of Labor Statistics, with a typical 1-month delay in the data release.
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Citation
U.S. Federal Reserve, Import Price Index by Origin (NAICS): Agriculture, Construction, and Mining Machinery Manufacturing for European Union (COEECZ3331), retrieved from FRED.