Producer Prices Index: Type of Goods: Durable Consumer Goods: Total for Finland
Growth rate same period previous year, Quarterly
FINPITGCD01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.77
Year-over-Year Change
608.98%
Date Range
1/1/1996 - 10/1/2022
Summary
The 'Growth rate same period previous year, Quarterly' measures the year-over-year change in the total factor productivity index, a key indicator of economic growth and efficiency.
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 quarterly metric tracks the rate of change in total factor productivity, which captures how effectively an economy combines labor, capital, and technology to produce economic output. It is a widely used gauge of long-term economic potential and a crucial input for policymakers and analysts.
Methodology
The data is calculated by the U.S. Federal Reserve based on underlying statistics from the Bureau of Labor Statistics.
Historical Context
This productivity growth trend is closely monitored by the Federal Reserve and other economic institutions to assess the economy's capacity for sustainable expansion.
Key Facts
- The U.S. productivity growth rate was 1.4% in Q2 2022.
- Productivity growth is a key driver of long-term economic expansion.
- Quarterly productivity data is a leading indicator of economic performance.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Quarterly' metric tracks the year-over-year change in the total factor productivity index, a key measure of how efficiently the economy combines labor, capital, and technology to produce output.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a crucial indicator of an economy's long-term potential and capacity for sustainable expansion. This quarterly data is closely monitored by policymakers, economists, and market participants to assess the health and trajectory of the U.S. economy.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates this productivity growth metric based on underlying statistics from the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other economic institutions use this productivity growth data to evaluate the economy's capacity for expansion and to inform policy decisions, such as interest rate adjustments and other macroeconomic interventions.
Q: Are there update delays or limitations?
A: The 'Growth rate same period previous year, Quarterly' data is released by the Federal Reserve on a quarterly basis, with a typical lag of 1-2 months from the end of the reference quarter.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (FINPITGCD01GYQ), retrieved from FRED.