Growth Rate Previous Period, Monthly
CPGDFD02OEM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.70
Year-over-Year Change
600.00%
Date Range
2/1/1970 - 10/1/2017
Summary
The Growth Rate Previous Period, Monthly trend measures the month-over-month percent change in gross domestic product (GDP). This provides a timely indicator of economic growth that is closely monitored by policymakers and analysts.
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 represents the monthly growth rate in real GDP compared to the previous month. It is a key indicator of the overall health and direction of the U.S. economy, used to assess macroeconomic performance and inform policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their monthly GDP estimates.
Historical Context
The GDP growth rate is a critical input for monetary and fiscal policy, as well as economic forecasting and investment decisions.
Key Facts
- GDP growth rate averaged 0.3% per month in 2022.
- Negative GDP growth is an indication of a recession.
- The GDP growth rate is a leading indicator of economic conditions.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Monthly measures the month-over-month percent change in real gross domestic product (GDP), providing a timely indicator of overall economic growth.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a critical economic indicator used by policymakers, businesses, and investors to assess the health and direction of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on their monthly GDP estimates.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a key input for monetary and fiscal policy decisions, as well as economic forecasting and investment analysis.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published monthly with a lag of several weeks, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Monthly (CPGDFD02OEM657N), retrieved from FRED.