Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Productivity: Total for Germany
Index 2015=100, Seasonally Adjusted
ULQELP01DEQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.27
Year-over-Year Change
0.48%
Date Range
1/1/1991 - 7/1/2023
Summary
The 'Index 2015=100, Seasonally Adjusted' measures the index of real labor productivity in the Euro area. This metric is closely monitored by economists and policymakers as a key indicator of economic efficiency and growth potential.
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 real labor productivity index tracks the output of goods and services per hour worked in the Euro area, with 2015 as the base year. This metric provides insight into the productive capacity and competitiveness of the region's economy.
Methodology
The data is calculated by the European Central Bank based on employment and GDP figures.
Historical Context
Trends in labor productivity are used to inform economic policies and business strategies.
Key Facts
- The index has a base year of 2015 = 100.
- Productivity growth is a key driver of long-term economic expansion.
- Seasonally adjusted data accounts for predictable fluctuations.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2015=100, Seasonally Adjusted' measures the real labor productivity in the Euro area, tracking the output per hour worked.
Q: Why is this trend relevant for users or analysts?
A: Labor productivity is a key indicator of economic efficiency and growth potential, making this index highly relevant for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is calculated by the European Central Bank based on employment and GDP figures.
Q: How is this trend used in economic policy?
A: Trends in labor productivity are used to inform economic policies and business strategies aimed at improving competitiveness and driving long-term growth.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the European Central Bank.
Related Trends
Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Germany
DEUHOUREAAISMEI
Compensation of Employees in Germany
DEUCOMPQDSNAQ
Harmonized Index of Consumer Prices: Restaurants, Cafes and the Like for Germany
CP1111DEM086NEST
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Germany
PRINTO01DEA661N
Total Credit to Non-Financial Corporations, Adjusted for Breaks, for Germany
CRDQDEANABIS
Boone Indicator in Banking Market for Germany
DDOI05DEA156NWDB
Citation
U.S. Federal Reserve, Index 2015=100, Seasonally Adjusted (ULQELP01DEQ661S), retrieved from FRED.