Producer Prices Index: Economic activities: Mining and quarrying activities: Domestic for the European Union
EU28PIEAMI02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-11.85
Year-over-Year Change
180.03%
Date Range
1/1/2001 - 6/1/2020
Summary
The Producer Prices Index (PPI) for mining and quarrying activities in the European Union measures changes in the prices received by domestic producers for their output. This metric is a key indicator of inflationary pressures and economic conditions in the EU's extractive industries.
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 PPI for mining and quarrying activities tracks price movements across a range of mineral and energy commodities, including coal, metals, and industrial minerals. It is used by policymakers, analysts, and businesses to understand producer-level inflation and gain insights into supply chain dynamics within the EU's extractive sector.
Methodology
The data is collected through surveys of EU enterprises and compiled by Eurostat.
Historical Context
Changes in the mining and quarrying PPI can inform monetary and fiscal policy decisions, as well as investment strategies in related industries.
Key Facts
- The base year for the EU mining and quarrying PPI is 2015.
- Prices are measured at the producer level, before any retail or consumer markup.
- The index covers a diverse range of mineral extraction activities across the EU.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for mining and quarrying activities in the European Union measures changes in the prices received by domestic producers for their output in these sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into producer-level inflation and supply chain dynamics within the EU's extractive industries, which is crucial information for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of EU enterprises and compiled by Eurostat.
Q: How is this trend used in economic policy?
A: Changes in the mining and quarrying PPI can inform monetary and fiscal policy decisions, as well as investment strategies in related industries.
Q: Are there update delays or limitations?
A: The PPI data is published monthly with a typical lag of around one to two months.
Related Trends
Employment Rate: Aged 15-24: Females for the European Union
LREM24FEEUQ156S
Inactivity Rate: Aged 15 and Over: Females for the European Union
LRINTTFEEUA156N
Employment Rate: Aged 55-64: All Persons for the European Union
LREM55TTEUA156S
Harmonized Index of Consumer Prices: Fish and Seafood for European Union (27 Countries from 2020)
CP0113EU272020M086NEST
Total Harmonized Unemployment: All Persons for the European Union
LFHUTTTTEUM647S
Harmonized Index of Consumer Prices: Overall Index Excluding Tobacco for Euro Area (19 Countries)
00XTOBEZ19M086NEST
Citation
U.S. Federal Reserve, Producer Prices Index: Economic activities: Mining and quarrying activities: Domestic for the European Union (EU28PIEAMI02GYM), retrieved from FRED.