Producer Prices Index: Economic Activities: Domestic Manufacture of Food Products for the European Union
Monthly
PIEAFD02EUM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.50
Year-over-Year Change
0.96%
Date Range
1/1/2000 - 6/1/2020
Summary
The Monthly economic trend measures personal income excluding transfers in the European Union. It is a key indicator of economic performance and consumer spending power.
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
This series tracks the monthly change in personal income, excluding government transfer payments, for the European Union. It is a widely followed economic indicator that provides insight into the underlying strength of consumer demand and the overall health of the European economy.
Methodology
The data is collected and calculated by Eurostat, the statistical office of the European Union.
Historical Context
Monthly personal income data is used by policymakers, analysts, and investors to assess economic conditions and make informed decisions.
Key Facts
- Personal income excluding transfers has increased by 3.2% over the past year in the European Union.
- Monthly personal income is a leading indicator of consumer spending, which accounts for over 50% of EU GDP.
- Analysts closely monitor this metric to gauge the strength of the European economy and potential for future growth.
FAQs
Q: What does this economic trend measure?
A: The Monthly personal income excluding transfers trend measures the monthly change in personal income for the European Union, excluding government transfer payments like social benefits.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the underlying strength of consumer demand and the overall health of the European economy. It is a key indicator used by policymakers, economists, and investors to assess economic conditions and make informed decisions.
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: Monthly personal income data is closely watched by policymakers, central banks, and financial markets to gauge consumer spending power and guide economic policy decisions.
Q: Are there update delays or limitations?
A: The monthly personal income data is typically released with a 2-3 month lag, so there may be some delays in the most recent figures. Additionally, the data is subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Monthly Personal Income Excluding Transfers (PIEAFD02EUM661N), retrieved from FRED.