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Growth rate previous period, Monthly
ESTPIEAMI01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.11
Year-over-Year Change
-51.59%
Date Range
2/1/1997 - 12/1/2022
Summary
The Growth rate previous period, Monthly measures the month-over-month change in the Economic Sentiment Indicator (ESI) for the United States. This trend provides insight into consumer and business confidence, which are leading indicators of future economic activity.
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
The Economic Sentiment Indicator (ESI) aggregates several survey-based measures of consumer and business sentiment. The Growth rate previous period, Monthly tracks the monthly change in this composite index, offering a high-frequency snapshot of shifts in economic optimism.
Methodology
This data is collected through surveys of households and businesses, then aggregated by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts closely monitor sentiment indicators like this to gauge the near-term direction of the economy.
Key Facts
- The ESI combines data from several survey-based measures.
- Month-over-month changes in the ESI signal shifts in economic optimism.
- Sentiment indicators provide high-frequency insights on the economy.
FAQs
Q: What does this economic trend measure?
A: The Growth rate previous period, Monthly measures the month-over-month change in the Economic Sentiment Indicator (ESI), a composite index of consumer and business confidence.
Q: Why is this trend relevant for users or analysts?
A: Sentiment indicators like the ESI are leading economic indicators, providing early signals of changes in consumer and business activity that can inform forecasts and policy decisions.
Q: How is this data collected or calculated?
A: This data is collected through surveys of households and businesses, then aggregated by the U.S. Federal Reserve to produce the Economic Sentiment Indicator.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor sentiment indicators like the ESI to gauge the near-term direction of the economy and inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The Growth rate previous period, Monthly data is released by the Federal Reserve on a monthly basis with minimal delay, providing timely insights on shifts in economic sentiment.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (ESTPIEAMI01GPM), retrieved from FRED.