Producer Prices Index: Type of Goods: Durable Consumer Goods: Total for Denmark
Growth rate same period previous year, Monthly
DNKPITGCD01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.78
Year-over-Year Change
-2.90%
Date Range
1/1/1986 - 12/1/2022
Summary
The growth rate same period previous year, monthly trend measures the year-over-year change in a given economic indicator on a monthly basis. This metric is a key statistic used by economists and policymakers to analyze economic performance and inform policy decisions.
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 trend represents the percent change in an economic variable compared to the same month in the previous year. It provides valuable insight into the pace and direction of economic growth over time and is widely used to track and forecast broader economic conditions.
Methodology
The data is calculated by the statistical agency based on the original monthly series.
Historical Context
This growth metric is closely monitored by central banks, governments, and market analysts to assess macroeconomic trends and inform policy actions.
Key Facts
- The data is reported on a monthly basis.
- Growth rates can be positive, negative, or zero.
- This metric is a leading indicator of economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in a given economic indicator on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the pace and direction of economic growth, making it a key statistic used by economists and policymakers to analyze economic performance and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the statistical agency based on the original monthly series.
Q: How is this trend used in economic policy?
A: This growth metric is closely monitored by central banks, governments, and market analysts to assess macroeconomic trends and inform policy actions.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with some potential for minor delays in data reporting and publication.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (DNKPITGCD01GYM), retrieved from FRED.