Producer Prices Index: Type of Goods: Intermediate Goods: Domestic for Colombia
Growth rate previous period, Monthly
COLPITGIG02GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.15
Year-over-Year Change
-74.49%
Date Range
2/1/2001 - 8/1/2018
Summary
The Growth rate previous period, Monthly trend measures the month-over-month change in gross industrial production, a key indicator of overall economic activity.
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 data series, published by the U.S. Federal Reserve, provides insights into the pace of industrial output over time. It is used by economists and policymakers to assess the health and trajectory of the manufacturing sector and broader economy.
Methodology
The data is calculated based on the Federal Reserve's monthly industrial production index.
Historical Context
Monitoring industrial production growth is crucial for understanding business cycles and informing economic policies.
Key Facts
- The series dates back to 1919.
- The all-time high was 2.2% in April 2021.
- The all-time low was -16.5% in April 2020.
FAQs
Q: What does this economic trend measure?
A: The Growth rate previous period, Monthly trend measures the month-over-month change in the Federal Reserve's industrial production index, which tracks the output of U.S. manufacturers, mines, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the health and direction of the manufacturing sector, a key driver of overall economic activity. Monitoring industrial production growth is crucial for understanding business cycles and informing economic policies.
Q: How is this data collected or calculated?
A: The data is calculated based on the Federal Reserve's monthly industrial production index, which measures the real output of the nation's factories, mines, and electric and gas utilities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the growth rate of industrial production to assess the strength of the manufacturing sector and broader economy. This information helps guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Growth rate previous period, Monthly data is published by the Federal Reserve on a monthly basis, with a typical release lag of around six weeks.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (COLPITGIG02GPM), retrieved from FRED.