Producer Prices Index: Type of Goods: Investments Goods: Domestic for Germany
Growth rate same period previous year, Monthly
DEUPITGVG02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.74
Year-over-Year Change
104.76%
Date Range
1/1/1977 - 12/1/2022
Summary
The growth rate same period previous year, monthly tracks the year-over-year change in Germany's industrial production. This key economic indicator provides insight into the strength and direction of the German manufacturing sector.
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 monthly index measures the percentage change in Germany's industrial production compared to the same month in the previous year. It is a valuable leading indicator used by economists and policymakers to assess the health and trajectory of the German economy.
Methodology
The data is collected and calculated by the German Federal Statistical Office.
Historical Context
The growth rate same period previous year is closely watched by global markets and institutions to understand Germany's economic performance and outlook.
Key Facts
- Germany is the largest economy in the Eurozone.
- Industrial production accounts for over a quarter of Germany's GDP.
- The growth rate reached a high of 12.4% in 2021 after the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The growth rate same period previous year, monthly tracks the year-over-year percentage change in Germany's industrial production.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into the health and trajectory of the German manufacturing sector, which is a key driver of the country's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the German Federal Statistical Office.
Q: How is this trend used in economic policy?
A: The growth rate same period previous year is closely monitored by economists, policymakers, and global markets to assess the strength and direction of the German economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (DEUPITGVG02GYM), retrieved from FRED.