Producer Prices Index: Total Durable Consumer Goods for the European Union
PITGCD01EUM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.40
Year-over-Year Change
0.88%
Date Range
1/1/2000 - 6/1/2020
Summary
The Producer Prices Index: Total Durable Consumer Goods for the European Union measures changes in the wholesale prices of durable consumer goods produced in the EU. This metric is a leading indicator of consumer inflation and industrial activity.
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 Producer Prices Index (PPI) tracks the average change in selling prices received by domestic producers for their output. The PPI for Total Durable Consumer Goods specifically monitors prices for durable products like appliances, furniture, and electronics that are purchased by consumers.
Methodology
The data is collected through surveys of domestic producers and calculated as an index with a reference year.
Historical Context
The PPI for durable consumer goods is used by economists and policymakers to anticipate trends in consumer spending and assess the health of the industrial sector.
Key Facts
- The PPI is published monthly by the U.S. Federal Reserve.
- Durable consumer goods make up around 20% of total consumer spending in the EU.
- The PPI is an important leading indicator of inflation and industrial production.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Total Durable Consumer Goods for the European Union measures the average change in wholesale prices received by domestic producers for durable consumer goods.
Q: Why is this trend relevant for users or analysts?
A: The PPI for durable consumer goods is a key leading indicator of consumer spending, industrial activity, and inflationary pressures in the EU economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and calculated as an index with a reference year.
Q: How is this trend used in economic policy?
A: Economists and policymakers use the PPI for durable consumer goods to anticipate trends in consumer demand and assess the health of the industrial sector.
Q: Are there update delays or limitations?
A: The PPI data is published monthly with a short lag, providing timely information to analysts and policymakers.
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Citation
U.S. Federal Reserve, Producer Prices Index: Total Durable Consumer Goods for the European Union (PITGCD01EUM661N), retrieved from FRED.