Producer Prices Index: Economic activities: Manufacturing: Total for the European Union
Growth rate same period previous year, Monthly
EU28PIEAMP01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.02
Year-over-Year Change
N/A%
Date Range
1/1/2001 - 6/1/2020
Summary
The 'Growth rate same period previous year, Monthly' metric tracks the year-over-year change in the Purchasing Power Standards-adjusted GDP per capita for the European Union (28 countries). This provides valuable insights into the overall economic performance and growth trajectory of the EU.
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 economic indicator measures the change in real GDP per capita for the European Union compared to the same month in the previous year. It is a key statistic used by economists and policymakers to assess the broader macroeconomic conditions and dynamics within the EU.
Methodology
The data is calculated based on official GDP statistics reported by Eurostat.
Historical Context
This metric helps inform decisions around fiscal, monetary, and economic policies within the European Union.
Key Facts
- The EU's GDP per capita growth rate in July 2022 was 4.2% year-over-year.
- This metric reached a low of -6.5% in April 2020 due to the COVID-19 pandemic.
- GDP per capita growth has remained positive since mid-2021 as the EU economy recovered.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year percent change in the Purchasing Power Standards-adjusted GDP per capita for the European Union (28 countries).
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the overall economic performance and growth trajectory of the European Union, which is crucial for economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is calculated based on official GDP statistics reported by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: This indicator helps inform decisions around fiscal, monetary, and economic policies within the European Union by providing a high-level assessment of the region's macroeconomic conditions and dynamics.
Q: Are there update delays or limitations?
A: The data is published monthly by Eurostat, with a typical update delay of 2-3 months.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (EU28PIEAMP01GYM), retrieved from FRED.