Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Austria
Growth rate previous period, Monthly
AUTPITGND01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.46
Year-over-Year Change
-46.17%
Date Range
2/1/2000 - 12/1/2022
Summary
The Growth Rate Previous Period, Monthly trend measures the month-over-month percentage change in industrial production in the U.S. It is a key indicator of the health and momentum of the manufacturing sector.
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 series tracks the monthly growth rate of industrial production, which encompasses manufacturing, mining, and utilities. It is a widely followed gauge of economic activity and helps policymakers and analysts assess the overall business cycle.
Methodology
The data is collected and calculated by the U.S. Federal Reserve from surveys of industrial facilities.
Historical Context
The growth rate in industrial production is closely watched by the Federal Reserve and other economic policymakers as a real-time barometer of the economy.
Key Facts
- Industrial production makes up about 20% of the U.S. economy.
- The growth rate in industrial production averaged 0.2% per month from 1972-2022.
- Manufacturing accounts for about 75% of total industrial production.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Monthly trend measures the month-over-month percentage change in industrial production in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the health and momentum of the manufacturing sector, which is a major driver of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve from surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: The growth rate in industrial production is closely watched by the Federal Reserve and other economic policymakers as a real-time barometer of the economy.
Q: Are there update delays or limitations?
A: The industrial production data is released on a monthly basis with a typical delay of around a month.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (AUTPITGND01GPM), retrieved from FRED.