Production: Manufacturing: Intermediate goods: Total for the European Union
Quarterly
EU28PRMNIG01IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.07
Year-over-Year Change
5.64%
Date Range
1/1/1991 - 10/1/2018
Summary
The Quarterly Trend measures the quarterly percentage change in the Index of Industrial Production (IIP) for the European Union 28 countries. This broad indicator provides insight into the health and trajectory 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 Quarterly Trend tracks the quarterly percentage change in the Index of Industrial Production (IIP), a composite index that measures the real output of the industrial sector across EU28 countries. This indicator is closely watched by economists and policymakers as it reflects overall economic activity and productivity.
Methodology
The data is collected and calculated by Eurostat, the statistical office of the European Union.
Historical Context
The Quarterly Trend is a key input for analyzing the business cycle and guiding economic policy decisions within the EU.
Key Facts
- The IIP covers mining, manufacturing, and utilities sectors.
- Quarterly data is reported with a 2-month lag.
- The index is adjusted for seasonal and calendar effects.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Trend measures the quarterly percentage change in the Index of Industrial Production (IIP) for the European Union 28 countries.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly Trend is a key indicator of overall economic activity and productivity in the EU, providing insight into the health and trajectory of the region's industrial sector.
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 Quarterly Trend is a crucial input for analyzing the business cycle and guiding economic policy decisions within the European Union.
Q: Are there update delays or limitations?
A: Quarterly data is reported with a 2-month lag.
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Citation
U.S. Federal Reserve, Quarterly (EU28PRMNIG01IXOBSAQ), retrieved from FRED.