Daily
EURORECD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
12/6/2019 - 8/31/2022
Summary
The Daily Economic Uncertainty Index, or EURORECD, measures daily economic policy uncertainty in the Eurozone. This indicator provides timely insights into economic conditions and can inform policymaking.
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 EURORECD index is based on newspaper coverage of policy-related economic uncertainty. It is designed to quantify uncertainty and risk that could impact consumer and business confidence, investment, and broader economic activity in the Eurozone.
Methodology
The index is calculated based on automated text analysis of major Eurozone newspapers.
Historical Context
This high-frequency data series is closely watched by central banks, governments, and financial markets.
Key Facts
- The EURORECD index has a mean value of 100 since 1997.
- Peaks in the index coincided with major events like the Eurozone debt crisis.
- The index is updated daily, providing real-time insights.
FAQs
Q: What does this economic trend measure?
A: The EURORECD index measures daily economic policy uncertainty in the Eurozone based on media coverage.
Q: Why is this trend relevant for users or analysts?
A: The index offers timely insights into economic conditions and risks that can impact consumer and business confidence, investment, and broader activity in the Eurozone.
Q: How is this data collected or calculated?
A: The index is calculated based on automated text analysis of major Eurozone newspapers.
Q: How is this trend used in economic policy?
A: This high-frequency data series is closely watched by central banks, governments, and financial markets to inform policy decisions.
Q: Are there update delays or limitations?
A: The EURORECD index is updated daily, providing real-time insights with no significant delays.
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Citation
U.S. Federal Reserve, Daily Economic Uncertainty Index (EURORECD), retrieved from FRED.