Producer Prices Index: Domestic Durable Consumer Goods for the European Union
Quarterly
PITGCD02EUQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.87
Year-over-Year Change
4.13%
Date Range
1/1/2000 - 4/1/2020
Summary
The Quarterly Gross Domestic Product (GDP) Growth in the Euro Area measures the percentage change in the total value of goods and services produced by the 19 countries that use the euro currency. This trend is a key indicator of economic health and performance in the Eurozone.
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
Quarterly GDP growth is a widely-watched economic indicator that reflects the overall pace of economic activity and expansion in the Euro Area. It is used by policymakers, analysts, and investors to assess the strength and trajectory of the Eurozone economy.
Methodology
The data is calculated by Eurostat using expenditure-based GDP estimates from national statistics agencies.
Historical Context
Quarterly GDP growth provides important context for the European Central Bank's monetary policy decisions.
Key Facts
- The Eurozone economy grew 0.3% in Q2 2022.
- GDP expanded 3.9% year-over-year in Q2 2022.
- Germany is the largest economy in the Eurozone.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Gross Domestic Product (GDP) Growth in the Euro Area measures the percentage change in the total value of goods and services produced by the 19 countries that use the euro currency.
Q: Why is this trend relevant for users or analysts?
A: Quarterly GDP growth is a widely-watched indicator that reflects the overall pace of economic activity and expansion in the Eurozone. It is used by policymakers, analysts, and investors to assess the strength and trajectory of the European economy.
Q: How is this data collected or calculated?
A: The data is calculated by Eurostat using expenditure-based GDP estimates from national statistics agencies.
Q: How is this trend used in economic policy?
A: Quarterly GDP growth provides important context for the European Central Bank's monetary policy decisions.
Q: Are there update delays or limitations?
A: Quarterly GDP data is released with a short lag, typically within 45 days after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Quarterly Gross Domestic Product (GDP) Growth in the Euro Area (PITGCD02EUQ661N), retrieved from FRED.