Producer Prices Index: Economic Activities: Total Energy for the European Union
Monthly
PIEAEN01EUM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.00
Year-over-Year Change
-14.39%
Date Range
1/1/2000 - 6/1/2020
Summary
The 'Monthly' trend measures the monthly net earnings of European Union (EU) employees. This metric is a key indicator of consumer purchasing power and helps economists assess economic conditions.
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 'Monthly' trend represents the average monthly net earnings of employees in the European Union. It is a commonly used measure of household income and consumer spending potential, which are important factors in evaluating the overall health of the EU economy.
Methodology
The data is collected through surveys of EU member state statistical agencies.
Historical Context
Policymakers and market analysts closely monitor this trend to understand consumer behavior and make informed decisions.
Key Facts
- EU monthly net earnings averaged €2,220 in 2021.
- Earnings growth has outpaced inflation in the EU since 2020.
- The 'Monthly' trend is a leading indicator of consumer confidence.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly' trend measures the average monthly net earnings of employees in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of consumer purchasing power and helps economists assess the overall health of the EU economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of EU member state statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this trend to understand consumer behavior and make informed decisions.
Q: Are there update delays or limitations?
A: The data is updated monthly, with a lag of approximately two months.
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Citation
U.S. Federal Reserve, PIEAEN01EUM661N (Monthly), retrieved from FRED.