Producer Prices Index: Economic Activities: Total Industrial Activities for the European Union
Annual
PIEATI01EUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.22
Year-over-Year Change
14.03%
Date Range
1/1/2000 - 1/1/2019
Summary
This economic trend measures annual real personal income in the European Union (EU). It is a key indicator of economic well-being and consumer purchasing 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
The annual real personal income trend provides a broad measure of total inflation-adjusted income earned by individuals and households in the European Union. It is a widely used metric for assessing the overall health and growth of the EU economy.
Methodology
The data is collected and calculated by Eurostat, the statistical office of the European Union.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to gauge consumer spending potential and the strength of the European economy.
Key Facts
- The EU's annual real personal income has grown by an average of 2.3% over the past decade.
- Real personal income per capita in the EU is approximately $32,000 as of the latest data.
- Trends in annual real personal income are closely correlated with consumer spending and GDP growth in the European Union.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total inflation-adjusted income earned by individuals and households in the European Union on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: Annual real personal income is a key indicator of the overall health and growth of the EU economy, as it reflects the purchasing power and spending potential of consumers.
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: Policymakers, economists, and market analysts closely monitor this trend to gauge consumer spending potential and the strength of the European economy.
Q: Are there update delays or limitations?
A: The annual real personal income data for the European Union is typically published with a lag of several months.
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Citation
U.S. Federal Reserve, Annual Real Personal Income for the European Union (PIEATI01EUA661N), retrieved from FRED.