Producer Prices Index: Economic Activities: Manufacturing: Total for Austria
Growth rate same period previous year, Monthly
AUTPIEAMP01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.40
Year-over-Year Change
-33.27%
Date Range
1/1/2000 - 12/1/2022
Summary
This economic indicator measures the year-over-year growth rate in total production of automobiles and parts on a monthly basis. It provides insight into the health and trends of the U.S. automotive manufacturing industry.
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 Growth rate same period previous year, Monthly indicator tracks the percentage change in total production of automobiles, light trucks, and automotive parts compared to the same month in the prior year. This metric is used by economists, policymakers, and industry analysts to assess the performance and dynamics of the U.S. automotive sector.
Methodology
The data is compiled by the U.S. Federal Reserve based on monthly surveys of automotive manufacturers and suppliers.
Historical Context
This trend is closely monitored as a gauge of consumer demand, business investment, and overall economic conditions.
Key Facts
- The U.S. automotive industry accounts for over 3% of total GDP.
- Automobile and parts production has seen volatile growth in recent years.
- Automakers are a major employer, supporting over 1 million U.S. jobs.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year percentage change in total production of automobiles, light trucks, and automotive parts in the United States on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: The automotive industry is a key driver of the U.S. economy, so this metric provides valuable insight into manufacturing activity, consumer demand, and broader economic conditions.
Q: How is this data collected or calculated?
A: The Federal Reserve compiles this data based on monthly surveys of automotive manufacturers and parts suppliers.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor automotive production growth as an indicator of consumer spending, business investment, and the overall health of the manufacturing sector.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag, so it may not fully reflect the latest economic conditions.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (AUTPIEAMP01GYM), retrieved from FRED.