Import Price Index: Engine, turbine, and power transmission equipment manufacturing for European Union
COEECZ3336 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.80
Year-over-Year Change
0.94%
Date Range
6/1/2012 - 12/1/2018
Summary
The Import Price Index for Engine, Turbine, and Power Transmission Equipment Manufacturing in the European Union measures the change in prices of imported goods in this key industrial sector. It provides insights into international trade dynamics and production costs.
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 goods used in the manufacture of engines, turbines, and power transmission equipment in the EU. It is an important indicator of global competitiveness and inflationary pressures in this critical industrial segment.
Methodology
The data is collected through surveys of companies and compiled by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this index to assess the impact of trade policies and exchange rate fluctuations on EU manufacturers.
Key Facts
- The index is published monthly by the U.S. Bureau of Labor Statistics.
- Prices are measured in U.S. dollars to control for exchange rate changes.
- The base year for the index is 2012.
FAQs
Q: What does this economic trend measure?
A: The Import Price Index for Engine, Turbine, and Power Transmission Equipment Manufacturing in the European Union measures the change in prices of imported goods used in this key industrial sector.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into international trade dynamics and production costs, which are important for assessing the global competitiveness and inflationary pressures faced by EU manufacturers in this critical industrial segment.
Q: How is this data collected or calculated?
A: The data is collected through surveys of companies and compiled by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the impact of trade policies and exchange rate fluctuations on EU manufacturers in the engine, turbine, and power transmission equipment industry.
Q: Are there update delays or limitations?
A: The index is published monthly, with a short delay, by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Import Price Index: Engine, turbine, and power transmission equipment manufacturing for European Union (COEECZ3336), retrieved from FRED.