Producer Prices Index: Type of goods: Intermediate goods: Domestic for the European Union
Growth rate same period previous year, Quarterly
EU28PITGIG02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.47
Year-over-Year Change
-170.58%
Date Range
1/1/1996 - 4/1/2020
Summary
This economic trend measures the year-over-year growth rate of the Gross Domestic Product (GDP) in the European Union 28 countries on a quarterly basis. It provides insight into the overall pace of economic expansion or contraction.
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 GDP growth rate year-over-year is a key indicator used by economists and policymakers to assess the health and trajectory of a national or regional economy. It shows the percentage change in economic output compared to the same quarter in the previous year.
Methodology
The data is calculated by the European Union's statistical office, Eurostat, based on their quarterly GDP estimates.
Historical Context
Analysts and institutions track this trend to gauge the business cycle and inform economic policy decisions.
Key Facts
- The EU28 GDP growth rate reached a high of 3.0% in Q4 2017.
- GDP growth slowed to 0.3% in Q2 2022 amid inflationary pressures.
- This trend is published quarterly, approximately 2 months after the end of each quarter.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of the Gross Domestic Product (GDP) in the European Union 28 countries on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate year-over-year is a key indicator used by economists and policymakers to assess the health and trajectory of the European economy.
Q: How is this data collected or calculated?
A: The data is calculated by the European Union's statistical office, Eurostat, based on their quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: Analysts and institutions track this trend to gauge the business cycle and inform economic policy decisions in the European Union.
Q: Are there update delays or limitations?
A: This trend is published quarterly, approximately 2 months after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (EU28PITGIG02GYQ), retrieved from FRED.