Production: Industry: Total industry: Total industry excluding construction for the European Union
Growth rate previous period, Monthly, Seasonally Adjusted
EU28PRINTO01GPSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.75
Year-over-Year Change
270.53%
Date Range
8/1/1975 - 1/1/2020
Summary
This economic indicator measures the monthly growth rate of industrial production in the European Union (EU28), adjusted for seasonal variations. It provides insights into the overall health and performance of the EU's industrial sector.
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 industrial production growth rate is a key metric used by economists and policymakers to assess the strength and direction of a country or region's manufacturing and industrial activity. It is an important leading indicator of broader economic trends and can inform decision-making around monetary and fiscal policies.
Methodology
This data is collected and calculated by Eurostat, the statistical office of the European Union.
Historical Context
The industrial production growth rate is closely monitored by the European Central Bank and other institutions to guide economic policies.
Key Facts
- The data is reported on a monthly basis.
- It covers the 28 member states of the European Union.
- The growth rate is adjusted for seasonal variations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly growth rate of industrial production in the European Union (EU28), adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The industrial production growth rate is a key indicator of the health and performance of a country or region's manufacturing and industrial sector, providing valuable insights for economists, policymakers, and market 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 industrial production growth rate is closely monitored by the European Central Bank and other institutions to guide economic policies and decision-making.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with potential delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly, Seasonally Adjusted (EU28PRINTO01GPSAM), retrieved from FRED.