Producer Prices Index: Economic Activities: Energy: Total for Estonia
Growth rate previous period, Monthly
ESTPIEAEN01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.51
Year-over-Year Change
-103.87%
Date Range
2/1/2002 - 12/1/2022
Summary
The Growth Rate Previous Period, Monthly metric measures the month-over-month change in economic activity. It provides a timely indicator of the pace of economic growth, which is crucial for policymakers and analysts.
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 represents the monthly growth rate in economic output, calculated as the percent change from the previous month's value. It is a widely followed gauge of economic momentum and is used to assess the strength and direction of the overall economy.
Methodology
The data is calculated from various economic indicators reported by government statistical agencies.
Historical Context
This metric is closely monitored by the Federal Reserve and other policymakers to inform monetary and fiscal policy decisions.
Key Facts
- The metric reached a record high of 8.5% in April 2021.
- Growth rates below 0% indicate an economic contraction.
- Positive growth signals an expanding economy.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Monthly metric measures the month-over-month change in economic activity, providing a timely indicator of the pace of economic growth.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for policymakers and analysts as it helps assess the strength and direction of the overall economy, informing decisions on monetary and fiscal policy.
Q: How is this data collected or calculated?
A: The data is calculated from various economic indicators reported by government statistical agencies.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by the Federal Reserve and other policymakers to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with minimal delays, providing timely insights into the current state of the economy.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (ESTPIEAEN01GPM), retrieved from FRED.