Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Domestic for Austria
Growth rate same period previous year, Quarterly
AUTPITGND02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.46
Year-over-Year Change
431.84%
Date Range
1/1/2001 - 10/1/2022
Summary
The 'Growth rate same period previous year, Quarterly' measures the year-over-year change in automotive production. This metric is a key indicator of the health and performance of the automotive 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
This quarterly economic trend tracks the annual growth rate in automotive production. It provides insight into the production volumes and trends within the auto manufacturing sector, which is a major component of the broader industrial economy.
Methodology
The data is collected through surveys of automotive producers and manufacturers.
Historical Context
This growth metric is widely followed by economists, policymakers, and industry analysts to assess the state of the automotive industry and broader industrial activity.
Key Facts
- Quarterly data series began in 1972.
- Negative growth rates signal production declines.
- The auto industry is a major component of overall industrial production.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate in automotive production on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The automotive industry is a key driver of overall industrial activity, so this growth metric provides important insights into the health and performance of the manufacturing sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of automotive producers and manufacturers.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to assess the state of the industrial economy and make informed decisions about economic and monetary policy.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical lag of 1-2 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (AUTPITGND02GYQ), retrieved from FRED.