Producer Prices Index: Economic Activities: Domestic Mining and Quarrying Activities for the European Union
PIEAMI02EUM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
87.80
Year-over-Year Change
-11.85%
Date Range
1/1/2000 - 6/1/2020
Summary
The Producer Prices Index (PPI) for Economic Activities: Domestic Mining and Quarrying Activities measures changes in prices received by producers in the mining and quarrying sector within the European Union. This metric is a key indicator of inflationary pressures and overall economic health.
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 PPI for Domestic Mining and Quarrying Activities tracks price movements for goods and services produced by the mining and quarrying industries in the EU. This data helps economists and policymakers gauge trends in production costs, output prices, and broader industrial activity.
Methodology
The data is collected through surveys of businesses in the mining and quarrying sectors across the EU.
Historical Context
The PPI is used by central banks, governments, and financial analysts to inform monetary and fiscal policy decisions.
Key Facts
- The PPI for Domestic Mining and Quarrying in the EU has a base year of 2015.
- Prices are measured at the producer level, before goods reach consumers.
- This index is released monthly by the European Union's statistical agency, Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index (PPI) for Domestic Mining and Quarrying Activities measures changes in the prices received by producers in the mining and quarrying sector within the European Union.
Q: Why is this trend relevant for users or analysts?
A: This PPI metric provides insight into inflationary pressures and overall economic health within the EU's industrial sector, helping inform policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the mining and quarrying industries across the European Union.
Q: How is this trend used in economic policy?
A: The PPI for Domestic Mining and Quarrying is used by central banks, governments, and financial analysts to help guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The PPI data is released monthly by Eurostat with no major update delays.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Domestic Mining and Quarrying Activities for the European Union (PIEAMI02EUM661N), retrieved from FRED.