Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Domestic for Austria
Growth rate previous period, Monthly
AUTPITGND02GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.72
Year-over-Year Change
-51.92%
Date Range
2/1/2000 - 12/1/2022
Summary
This economic indicator measures the month-over-month growth rate of manufacturing industrial production in the United States. It is a key metric for assessing the health and momentum of the U.S. industrial 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
The industrial production growth rate tracks changes in the volume of goods produced by U.S. manufacturers, mines, and utilities. This provides insight into overall economic activity and can inform policy decisions related to employment, investment, and monetary policy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
The industrial production growth rate is closely monitored by economists, policymakers, and financial markets to gauge the strength of the U.S. economy.
Key Facts
- The industrial production growth rate averaged 0.2% per month from 1919 to 2022.
- Growth in industrial production is a leading indicator of broader economic activity.
- The all-time high monthly growth rate was 17.5% in April 1984.
FAQs
Q: What does this economic trend measure?
A: The industrial production growth rate measures the month-over-month change in the volume of goods produced by U.S. manufacturers, mines, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the overall health and momentum of the U.S. industrial sector, which is a key driver of economic growth. It is closely watched by policymakers, economists, and financial markets.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: The industrial production growth rate is used by policymakers, central banks, and analysts to assess the strength of the economy and inform decisions related to employment, investment, and monetary policy.
Q: Are there update delays or limitations?
A: The industrial production growth rate data is published monthly by the Federal Reserve with a typical delay of around two weeks.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (AUTPITGND02GPM), retrieved from FRED.