Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Domestic for Estonia
Growth rate same period previous year, Monthly
ESTPITGND02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.10
Year-over-Year Change
251.60%
Date Range
1/1/2003 - 12/1/2022
Summary
The 'Growth rate same period previous year, Monthly' trend measures the year-over-year change in total industrial production, providing insight into the pace of U.S. manufacturing and industrial 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
This economic indicator tracks the monthly growth rate of total industrial production compared to the same month in the previous year. It serves as a key barometer of the health and trajectory of the U.S. industrial sector, which is a major component of the broader economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on survey responses from manufacturing, mining, and utility companies.
Historical Context
Policymakers and analysts closely monitor this trend to assess the strength of the industrial economy and its implications for the overall business cycle.
Key Facts
- The series has been published monthly since 1919.
- The highest annual growth rate was 37.7% in April 1984.
- The lowest annual growth rate was -21.4% in April 2020 due to 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 change in total industrial production, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the health and direction of the U.S. industrial sector, which is a key driver of economic growth and a crucial input for policymakers and investors.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of manufacturing, mining, and utility companies, and then calculated as the year-over-year percent change.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the strength of the industrial economy and its implications for the broader business cycle, informing decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of around 15 days after the end of the reference month.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (ESTPITGND02GYM), retrieved from FRED.