Production: Manufacturing: Intermediate Goods: Total for Euro Area (19 Countries)
PRMNIG01EZA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.70
Year-over-Year Change
4.70%
Date Range
1/1/1985 - 1/1/2022
Summary
The 'Production: Manufacturing: Intermediate Goods: Total for Euro Area (19 Countries)' trend measures the output of intermediate goods produced in the manufacturing sector across the Eurozone. This provides insight into industrial activity and economic health.
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
This index tracks the total production of intermediate goods, which are partially processed materials used as inputs for final consumer products. It serves as an indicator of supply chain dynamics and overall manufacturing strength in the Eurozone.
Methodology
The data is collected through surveys of manufacturing facilities and production facilities in the 19 Eurozone countries.
Historical Context
This economic trend is closely monitored by policymakers, central banks, and market analysts for signals on the direction of the broader Eurozone economy.
Key Facts
- The Eurozone has a $13 trillion GDP, making it the second-largest economy in the world.
- Manufacturing accounts for over 20% of economic output in the Eurozone.
- Intermediate goods represent about 50% of total manufacturing production in the Eurozone.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total production of intermediate goods in the manufacturing sector across the 19 countries of the Eurozone.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the health and dynamics of the broader Eurozone manufacturing sector and economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing facilities and production facilities in the 19 Eurozone countries.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, central banks, and market analysts to gauge the direction of the Eurozone economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Intermediate Goods: Total for Euro Area (19 Countries) (PRMNIG01EZA661N), retrieved from FRED.