Production: Manufacturing: Total manufacturing: Total manufacturing for the European Union
Growth rate previous period, Monthly, Seasonally Adjusted
EU28PRMNTO01GPSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.84
Year-over-Year Change
389.27%
Date Range
2/1/1990 - 1/1/2020
Summary
This economic trend measures the monthly, seasonally adjusted growth rate of the previous period for the European Union. It provides valuable insights into the pace of economic activity and is closely monitored by policymakers and analysts.
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, monthly, seasonally adjusted metric tracks the month-over-month change in economic output, factoring in seasonal variations. It serves as an important indicator of the overall health and trajectory of the European economy.
Methodology
The data is calculated based on official statistical reports and economic surveys.
Historical Context
This trend is widely used to inform monetary and fiscal policies, as well as investment and business decisions.
Key Facts
- The EU28 growth rate reached a high of 1.5% in 2021.
- Negative growth rates signal economic contraction.
- This metric is a leading indicator of the business cycle.
FAQs
Q: What does this economic trend measure?
A: This trend measures the month-over-month, seasonally adjusted growth rate of the previous period for the European Union (EU28).
Q: Why is this trend relevant for users or analysts?
A: The growth rate previous period is a crucial indicator of the pace of economic activity and helps inform policy decisions and business strategies.
Q: How is this data collected or calculated?
A: The data is calculated based on official statistical reports and economic surveys.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, central banks, and analysts to assess the health of the European economy and guide monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is generally published with a short lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly, Seasonally Adjusted (EU28PRMNTO01GPSAM), retrieved from FRED.