Production: Manufacturing: Total manufacturing: Total manufacturing for the European Union
Growth rate same period previous year, Quarterly, Seasonally Adjusted
EU28PRMNTO01GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.97
Year-over-Year Change
-175.06%
Date Range
1/1/1991 - 10/1/2019
Summary
This economic trend measures the year-over-year growth rate of the European Union's GDP, adjusted for seasonal variations. It provides insight into the overall health and trajectory of the EU economy.
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 is a key indicator of economic performance, reflecting how the current quarter's GDP compares to the same quarter a year ago. Economists and policymakers use this data to analyze longer-term growth trends and make informed decisions.
Methodology
The data is collected and calculated by Eurostat, the statistical office of the European Union.
Historical Context
This trend is widely referenced by analysts, investors, and government institutions to assess the EU's macroeconomic conditions and guide economic policies.
Key Facts
- The EU's GDP grew 1.8% in Q3 2022 compared to the same period in 2021.
- This trend has declined from a high of 5.5% in Q2 2021 as the economy recovers from the COVID-19 pandemic.
- Eurozone GDP growth is closely watched by the European Central Bank to inform monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of the European Union's Gross Domestic Product (GDP), adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key indicator of the EU's overall economic health and performance. It provides valuable insights for policymakers, investors, and analysts seeking to understand the trajectory of the European economy.
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: This trend is closely monitored by the European Central Bank and other institutions to inform monetary and fiscal policy decisions that can impact the EU's economic growth and stability.
Q: Are there update delays or limitations?
A: The data is typically published by Eurostat on a quarterly basis, with a short delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly, Seasonally Adjusted (EU28PRMNTO01GYSAQ), retrieved from FRED.