Producer Prices Index: Type of Goods: Investments Goods: Total for Austria
Growth rate same period previous year, Monthly
AUTPITGVG01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.37
Year-over-Year Change
139.59%
Date Range
1/1/2001 - 12/1/2022
Summary
The growth rate same period previous year, monthly measures the year-over-year change in auto production. This helps economists and policymakers track the health 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 indicator represents the monthly percentage change in auto production compared to the same month in the previous year. It is a key metric for analyzing trends in the automotive industry and broader manufacturing activity.
Methodology
The data is collected through surveys of auto manufacturers and producers.
Historical Context
Automotive production growth is an important economic indicator used by policymakers and market analysts.
Key Facts
- Auto production declined 8.2% year-over-year in March 2023.
- The growth rate reached a peak of 81.7% in April 2021 as the economy recovered from COVID-19 lockdowns.
- Automotive manufacturing accounts for around 3% of U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: The growth rate same period previous year, monthly measures the year-over-year change in auto production, providing insight into the performance of the manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: Automotive production is a key indicator of overall industrial activity and economic health, making this trend important for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of auto manufacturers and producers.
Q: How is this trend used in economic policy?
A: Automotive production growth is closely monitored by policymakers and central banks as it provides insights into the strength of the manufacturing sector and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is reported monthly, with a typical release lag of around 4-6 weeks.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (AUTPITGVG01GYM), retrieved from FRED.