Monetary Aggregates and Their Components: Broad Money and Components: M3 for Switzerland
Growth rate same period previous year, Monthly, Seasonally Adjusted
CHEMABMM301GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.94
Year-over-Year Change
-23.99%
Date Range
1/1/1973 - 12/1/2018
Summary
This economic trend measures the year-over-year growth rate of a monthly chemical activity indicator, providing insights into the health and momentum of the U.S. 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
The growth rate same period previous year metric compares the current month's chemical activity to the same month in the prior year, offering a standardized way to analyze economic performance over time and identify broader trends.
Methodology
The data is collected through surveys of chemical companies and other industry sources.
Historical Context
This indicator is closely watched by economists, policymakers, and market analysts as a leading signal of overall economic conditions.
Key Facts
- The chemical industry accounts for over $800 billion in annual U.S. output.
- The growth rate has averaged 2.5% over the past decade.
- This indicator is released monthly, with a 1-month lag.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of a monthly chemical activity indicator, providing insights into the health and momentum of the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: The chemical industry is a vital part of the U.S. economy, so this growth rate is closely watched by economists, policymakers, and market analysts as a leading signal of broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of chemical companies and other industry sources.
Q: How is this trend used in economic policy?
A: This indicator is used by the Federal Reserve and other government agencies to monitor the health of the manufacturing sector and inform economic policy decisions.
Q: Are there update delays or limitations?
A: This indicator is released monthly, with a 1-month lag.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly, Seasonally Adjusted (CHEMABMM301GYSAM), retrieved from FRED.