Producer Prices Index: Type of Goods: Durable Consumer Goods: Domestic for Austria
Growth rate same period previous year, Monthly
AUTPITGCD02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.82
Year-over-Year Change
175.65%
Date Range
1/1/2001 - 12/1/2022
Summary
The 'Growth rate same period previous year, Monthly' metric measures the year-over-year change in industrial production. This is a key economic indicator used to assess manufacturing activity and business cycle trends.
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 industrial production growth rate tracks the percentage change in total manufacturing, mining, and utility output compared to the same month a year earlier. It provides insights into the overall health and momentum of the U.S. industrial sector.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
Economists and policymakers closely monitor this indicator to inform decisions around monetary policy, economic forecasting, and assessments of the broader business climate.
Key Facts
- The index base year is 2017 = 100.
- Consecutive months of negative growth signal an industrial recession.
- The data is released monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year percent change in total industrial production, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The industrial production growth rate is a key indicator of overall economic health and business cycle conditions, providing insights into the strength of the manufacturing sector.
Q: How is this data collected or calculated?
A: The data is collected by the Federal Reserve through surveys of industrial facilities and calculated as the percent change from the same month a year earlier.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to inform decisions around monetary policy, economic forecasting, and assessments of the broader business climate.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve with a typical lag of around 2 months.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (AUTPITGCD02GYM), retrieved from FRED.