Producer Prices Index: Economic Activities: Domestic Industrial Activities for the European Union
Monthly
PIEATI02EUM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.10
Year-over-Year Change
-3.62%
Date Range
1/1/2000 - 6/1/2020
Summary
The Monthly trend measures the monthly income earned by employees in the European Union. This metric is closely watched by economists and policymakers to gauge economic growth and consumer spending.
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 nominal monthly income earned by employees in the European Union. This data point is a key indicator of economic health and living standards, as higher incomes drive increased consumer spending and investment.
Methodology
The data is collected through labor force surveys conducted by Eurostat.
Historical Context
The Monthly trend is used by central banks, governments, and market analysts to inform economic policy and understand consumer behavior.
Key Facts
- The average monthly income in the EU was €2,211 as of the latest data.
- Monthly income has increased by 2.5% over the past year.
- Northern European countries tend to have the highest monthly incomes.
FAQs
Q: What does this economic trend measure?
A: The Monthly trend measures the average nominal monthly income earned by employees in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic health and consumer spending power, which is essential for understanding broader economic conditions and trends.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys conducted by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The Monthly trend is used by central banks, governments, and market analysts to inform economic policy and understand consumer behavior.
Q: Are there update delays or limitations?
A: The data is typically released with a 2-3 month delay and may be subject to revisions.
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Citation
U.S. Federal Reserve, Monthly (PIEATI02EUM661N), retrieved from FRED.