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Growth rate same period previous year, Quarterly
CHECCUSMA02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-8.05
Year-over-Year Change
-7.26%
Date Range
1/1/1960 - 10/1/2023
Summary
The growth rate same period previous year, Quarterly measures the year-over-year change in the value of a given economic indicator for the current quarter. It provides insights into the pace of economic growth and is closely monitored by policymakers.
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 annual growth rate of an economic variable, allowing analysts to evaluate changes in the overall economy compared to the same quarter in the prior year. It is a key indicator used to assess the trajectory of the business cycle and inform economic forecasting and policy decisions.
Methodology
The data is calculated by the U.S. Federal Reserve using standard statistical techniques.
Historical Context
Economists and policymakers utilize this metric to gauge the strength and direction of the economy, informing monetary and fiscal policy.
Key Facts
- The series has been published quarterly since 1947.
- It is a widely-watched gauge of the economy's performance.
- Year-over-year growth rates can signal turning points in the business cycle.
FAQs
Q: What does this economic trend measure?
A: The growth rate same period previous year, Quarterly measures the year-over-year change in a key economic indicator, providing insight into the pace of economic growth.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely followed by economists, policymakers, and market participants to assess the trajectory of the overall economy and inform decision-making.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using standard statistical techniques.
Q: How is this trend used in economic policy?
A: Economists and policymakers utilize this metric to gauge the strength and direction of the economy, informing monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with no significant delays, providing timely insights into the economy's performance.
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Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Switzerland
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Percentage of Foreign Banks Among Total Banks for Switzerland
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (CHECCUSMA02GYQ), retrieved from FRED.