Producer Prices Index: Type of Goods: Intermediate Goods: Domestic for France
Growth rate previous period, Monthly
FRAPITGIG02GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.51
Year-over-Year Change
-174.61%
Date Range
2/1/1980 - 12/1/2022
Summary
The Growth Rate Previous Period, Monthly trend measures the month-over-month change in the Production Index for the Total Economy, a key indicator of overall economic activity in the United States. This metric is closely watched by policymakers and economists as a timely signal of industrial production and broader economic conditions.
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 Growth Rate Previous Period, Monthly trend tracks the percentage change in the Production Index for the Total Economy between the current month and the previous month. The Production Index is a widely used gauge of industrial activity that covers manufacturing, mining, and utilities sectors.
Methodology
The data is calculated based on the Federal Reserve's monthly surveys of industrial production.
Historical Context
This metric is a leading indicator used by the Federal Reserve and other economic analysts to assess current and future economic conditions.
Key Facts
- The Production Index covers about 80% of the output of the industrial sector.
- Monthly industrial production has increased in 20 of the past 24 months.
- The index reached a record high in 2021 as the economy rebounded from the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Monthly trend measures the month-over-month change in the Production Index for the Total Economy, a key indicator of overall industrial activity and broader economic conditions in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by policymakers and economists as a timely signal of industrial production and the broader health of the U.S. economy. It is used to assess current economic activity and predict future economic trends.
Q: How is this data collected or calculated?
A: The data is calculated based on the Federal Reserve's monthly surveys of industrial production, which cover the manufacturing, mining, and utilities sectors.
Q: How is this trend used in economic policy?
A: The Growth Rate Previous Period, Monthly trend is a leading indicator used by the Federal Reserve and other economic analysts to assess current and future economic conditions, informing monetary policy decisions and broader economic forecasting.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of around one month, providing timely insight into recent industrial production trends.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (FRAPITGIG02GPM), retrieved from FRED.