Production: Manufacturing: Total manufacturing: Total manufacturing for the European Union
Growth rate same period previous year, Monthly, Seasonally Adjusted
EU28PRMNTO01GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.50
Year-over-Year Change
34.83%
Date Range
1/1/1991 - 1/1/2020
Summary
This economic trend measures the year-over-year growth rate in the European Union's monthly industrial production, adjusted for seasonal variations. It provides insight into the pace of industrial activity and economic growth.
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 same period previous year metric tracks changes in industrial output compared to the same month in the prior year. This data point is a key leading indicator used by economists and policymakers to analyze trends in the broader EU economy.
Methodology
The data is collected through surveys of industrial firms and calculated as a year-over-year percent change.
Historical Context
This industrial production metric helps inform decisions by the European Central Bank and other institutions.
Key Facts
- EU industrial production growth averaged 2.3% from 2010-2019.
- The metric reached a peak of 7.1% in April 2021 as economies rebounded from COVID-19.
- Industrial production accounts for around 20% of total EU economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate in the European Union's monthly industrial production, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The industrial production growth rate is a key leading indicator used by economists and policymakers to analyze broader trends in the EU economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial firms and calculated as a year-over-year percent change.
Q: How is this trend used in economic policy?
A: This industrial production metric helps inform decisions by the European Central Bank and other institutions regarding monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly, Seasonally Adjusted (EU28PRMNTO01GYSAM), retrieved from FRED.