Producer Prices Index: Economic activities: Manufacture of food products: Domestic for the European Union
Growth rate same period previous year, Quarterly
EU28PIEAFD02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.57
Year-over-Year Change
-53.41%
Date Range
1/1/2001 - 4/1/2020
Summary
The 'Growth rate same period previous year, Quarterly' trend measures the year-over-year change in GDP for the European Union. This metric is a key indicator of economic performance and helps inform policymakers and analysts.
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 trend represents the quarter-over-quarter growth rate of GDP for the European Union 28 countries, calculated by comparing the current quarter to the same quarter in the previous year. It provides insight into the pace and direction of economic expansion or contraction.
Methodology
The data is collected and calculated by Eurostat, the statistical office of the European Union.
Historical Context
This GDP growth rate is widely used to analyze the health of the European economy and inform economic and monetary policy decisions.
Key Facts
- The EU28 GDP growth rate was 4.0% in Q1 2022.
- GDP growth slowed to 0.2% in Q2 2022 amid economic headwinds.
- The highest EU28 GDP growth rate in the past decade was 5.4% in Q3 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Quarterly' trend measures the year-over-year change in GDP for the European Union 28 countries.
Q: Why is this trend relevant for users or analysts?
A: This GDP growth rate provides key insights into the pace and direction of economic expansion or contraction in the European Union, informing policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The EU28 GDP growth rate is widely used to analyze the health of the European economy and inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The GDP growth rate data is typically published by Eurostat on a quarterly basis, with some potential for minor delays.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (EU28PIEAFD02GYQ), retrieved from FRED.