Producer Prices Index: Economic activities: Manufacturing: Total for the European Union
Growth rate previous period, Quarterly
EU28PIEAMP01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.87
Year-over-Year Change
-5771.24%
Date Range
4/1/2000 - 4/1/2020
Summary
The Growth rate previous period, Quarterly trend measures the quarter-over-quarter change in real gross domestic product (GDP) for the European Union. This metric is a key economic indicator used by policymakers and analysts to assess the pace of economic growth and activity.
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 Growth rate previous period, Quarterly trend tracks the percentage change in real GDP from the previous quarter for the European Union 28-country region. It provides a timely snapshot of the region's overall economic performance and is closely monitored by central banks, governments, and market participants.
Methodology
The data is calculated by Eurostat based on its compilation of member states' national accounts.
Historical Context
Economists and policymakers use this indicator to inform economic policy decisions and gauge the health of the European economy.
Key Facts
- The EU28 region accounts for over 17% of global GDP.
- GDP growth averaged 2.1% annually from 2010-2019.
- The COVID-19 pandemic caused a 6.1% contraction in 2020.
FAQs
Q: What does this economic trend measure?
A: The Growth rate previous period, Quarterly trend measures the quarter-over-quarter percent change in real gross domestic product (GDP) for the European Union 28-country region.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides a timely and important signal of the overall health and pace of economic activity in the EU, which is closely watched by policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by Eurostat, the statistical office of the European Union, based on its compilation of national accounts data from member states.
Q: How is this trend used in economic policy?
A: Central banks, governments, and other economic institutions use this GDP growth rate indicator to inform monetary and fiscal policy decisions and assess the broader state of the European economy.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of approximately 2 months from the end of the reference quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (EU28PIEAMP01GPQ), retrieved from FRED.