Producer Prices Index: Total Nondurable Consumer Goods for the European Union
Monthly
PITGND01EUM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.60
Year-over-Year Change
0.59%
Date Range
1/1/2000 - 6/1/2020
Summary
The Monthly Gross Domestic Product (GDP) series measures the total value of goods and services produced in the U.S. on a monthly basis. This metric is a key indicator of economic health and a crucial input for policymakers.
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 GDP series provides a more timely and granular assessment of economic activity compared to the widely-reported quarterly GDP figures. Analysts and institutions use this data to monitor trends, forecast economic performance, and inform policy decisions.
Methodology
The data is calculated based on a variety of economic indicators and surveys collected by the U.S. Bureau of Economic Analysis.
Historical Context
Monthly GDP is an important input for the Federal Reserve and other policymakers in evaluating the state of the economy and informing monetary and fiscal policy actions.
Key Facts
- Monthly GDP grew 0.5% in the latest report.
- The U.S. economy has expanded for 10 consecutive months.
- Monthly GDP is published approximately 30 days after the end of each month.
FAQs
Q: What does this economic trend measure?
A: The Monthly Gross Domestic Product (GDP) series measures the total value of goods and services produced in the U.S. on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: Monthly GDP provides a more timely and granular assessment of economic performance compared to quarterly GDP, allowing for better monitoring of economic trends and more informed policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on a variety of economic indicators and surveys.
Q: How is this trend used in economic policy?
A: Monthly GDP is a crucial input for the Federal Reserve and other policymakers in evaluating the state of the economy and informing monetary and fiscal policy actions.
Q: Are there update delays or limitations?
A: The Monthly GDP data is published approximately 30 days after the end of each month.
Related Trends
Harmonized Index of Consumer Prices: Industrial Goods for Euro Area (19 Countries)
IGOODSEZ19M086NEST
Harmonized Index of Consumer Prices: Photographic and Cinematographic Equipment and Optical Instruments for European Union
CP0912EUCCM086NEST
Harmonized Index of Consumer Prices: Newspapers, Books and Stationery for European Union
CP0950EUCCM086NEST
Volume of Total Retail Trade sales for the European Union
SLRTTO01EUQ659S
Harmonized Index of Consumer Prices: Electricity, Gas and Other Fuels for Euro Area (19 Countries)
CP0450EZ19M086NEST
Harmonized Index of Consumer Prices: Household Textiles for Euro Area (19 Countries)
CP0520EZ19M086NEST
Citation
U.S. Federal Reserve, Monthly Gross Domestic Product (PITGND01EUM661N), retrieved from FRED.