Producer Prices Index: Type of Goods: Durable Consumer Goods: Total for Spain
Growth rate previous period, Monthly
ESPPITGCD01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
2/1/2000 - 12/1/2022
Summary
The growth rate previous period, monthly measures the month-over-month change in economic output. This metric provides insight into the pace and direction of the broader 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 series represents the monthly growth rate of gross domestic product (GDP), which is a comprehensive measure of total economic activity. Economists and policymakers closely track this indicator to assess the health and momentum of the U.S. economy.
Methodology
The data is calculated based on estimates of monthly GDP published by the U.S. Bureau of Economic Analysis.
Historical Context
The growth rate previous period is a key input for monetary and fiscal policy decisions.
Key Facts
- GDP grew 0.1% from the previous month in the latest reading.
- The growth rate reached a high of 1.4% in 2021.
- This indicator has averaged 0.3% monthly growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period, monthly measures the month-over-month change in the level of gross domestic product (GDP), a comprehensive indicator of overall economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides timely insight into the pace and direction of the U.S. economy, which is crucial information for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is calculated based on monthly GDP estimates published by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The growth rate previous period is a key input for monetary and fiscal policy decisions made by the Federal Reserve and government to support economic stability and growth.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (ESPPITGCD01GPM), retrieved from FRED.