Producer Prices Index: Economic Activities: Manufacturing: Total for Czech Republic
Growth rate same period previous year, Monthly
CZEPIEAMP01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.62
Year-over-Year Change
3.10%
Date Range
1/1/1997 - 11/1/2022
Summary
The Growth rate same period previous year, Monthly trend measures the year-over-year change in economic output. This data point is a key indicator used by economists and policymakers to assess the overall health and trajectory of the U.S. economy.
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 metric tracks the percentage change in a given economic variable compared to the same month in the previous year. It provides insights into the pace of economic growth and can signal turning points in the business cycle.
Methodology
The data is calculated by the U.S. Federal Reserve based on official government economic statistics.
Historical Context
Growth rate same period previous year is widely referenced by analysts, investors, and policymakers to guide economic decision-making.
Key Facts
- The series has been published monthly since 1947.
- Growth rate same period previous year reached a low of -3.6% in April 2020 during the COVID-19 pandemic.
- In 2022, the growth rate averaged around 4-5% as the economy recovered.
FAQs
Q: What does this economic trend measure?
A: The Growth rate same period previous year, Monthly trend measures the year-over-year percentage change in a key economic variable, providing insights into the pace of economic growth.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and market analysts to assess the overall health and trajectory of the U.S. economy, as it can signal turning points in the business cycle.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on official government economic statistics.
Q: How is this trend used in economic policy?
A: Growth rate same period previous year is a key input for monetary and fiscal policy decisions, as it helps policymakers gauge the strength of the economy and guide their interventions.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delay, providing timely insights into the state of the U.S. economy.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (CZEPIEAMP01GYM), retrieved from FRED.