Producer Prices Index: Economic Activities: Manufacturing: Domestic for Czech Republic
Growth rate previous period, Monthly
CZEPIEAMP02GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.86
Year-over-Year Change
439.96%
Date Range
2/1/1990 - 12/1/2022
Summary
The growth rate previous period, monthly, measures the month-over-month change in overall economic output. This metric provides insight into the pace and trajectory of economic expansion or contraction.
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 economic indicator tracks the monthly change in real gross domestic product (GDP), the broadest measure of a country's overall economic activity. It is a key metric used by economists and policymakers to assess the health and direction of the national economy.
Methodology
The U.S. Bureau of Economic Analysis calculates this series based on official GDP data.
Historical Context
Policymakers and analysts closely monitor this indicator to inform decisions about fiscal and monetary policy.
Key Facts
- The growth rate reached a record high of 6.3% in April 2021.
- This indicator experienced a sharp decline of -4.6% in April 2020 due to the COVID-19 pandemic.
- The long-term average growth rate from 1990 to 2022 is approximately 2.3%.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period, monthly, measures the month-over-month change in real gross domestic product (GDP), the broadest indicator of a country's overall economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the pace and direction of economic expansion or contraction, which is crucial information for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this series based on official GDP data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this indicator to inform decisions about fiscal and monetary policy, as it reflects the overall health and trajectory of the national economy.
Q: Are there update delays or limitations?
A: This series is published monthly, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (CZEPIEAMP02GPM), retrieved from FRED.