Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Switzerland
Growth rate previous period, Monthly
CHEPIEAFD02GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.56
Year-over-Year Change
62.79%
Date Range
6/1/2003 - 12/1/2022
Summary
The growth rate previous period, monthly metric measures the month-over-month change in the volume of consumer spending on goods and services. This widely followed indicator provides insight into the strength and direction of consumer demand, a key driver of economic growth.
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 previous period, monthly tracks the month-to-month change in real personal consumption expenditures, a broad measure of consumer spending. This series is a valuable leading indicator for economists and policymakers monitoring the health and trajectory of the U.S. economy.
Methodology
The data is calculated from the Bureau of Economic Analysis' monthly personal consumption expenditures report.
Historical Context
Policymakers at the Federal Reserve and other institutions closely track this metric to guide monetary policy decisions.
Key Facts
- Consumer spending accounts for nearly 70% of U.S. GDP.
- The growth rate previous period, monthly peaked at 8.6% in June 2020.
- This metric exhibited negative growth during the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period, monthly measures the month-over-month change in real personal consumption expenditures, which represents consumer spending on goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric is a valuable leading indicator for the U.S. economy, as consumer spending is the largest component of GDP. Tracking changes in consumer demand provides important insights for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the Bureau of Economic Analysis based on their monthly personal consumption expenditures report.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor the growth rate previous period, monthly to gauge the strength of consumer demand and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The growth rate previous period, monthly data is released by the Bureau of Economic Analysis on a monthly basis, with a typical lag of 1-2 months from the reference period.
Related Trends
Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Switzerland
LFACTTTTCHQ647S
Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 15 to 64 Years for Switzerland
LRAC64FECHQ156S
Value of Exports to Switzerland from Indiana
INCHEA052SCEN
Harmonized Index of Consumer Prices: Health for Switzerland
CP0600CHM086NEST
Nominal Total Credit to General Government, Adjusted for Breaks, for Switzerland
QCHGAN770A
Consumer Price Index: Health (COICOP 06): Total for Switzerland
CHECP060000IXNBM
Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (CHEPIEAFD02GPM), retrieved from FRED.