Consumer Price Index: Transport (COICOP 07): Total for Ireland
Growth rate previous period, Monthly
IRLCP070000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.36
Year-over-Year Change
-517.88%
Date Range
12/1/1982 - 11/1/2023
Summary
The growth rate previous period, monthly measures the month-over-month change in a key industrial production index. This important indicator provides insight into the pace of manufacturing and industrial activity in the U.S. economy.
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 data series tracks the monthly percent change in the Industrial Production: Capacity Utilization index, a leading indicator of industrial activity published by the Federal Reserve. It is used by economists and policymakers to monitor the health and trajectory of the U.S. manufacturing sector.
Methodology
The data is calculated and published monthly by the Federal Reserve based on surveys of industrial facilities.
Historical Context
The growth rate previous period, monthly is closely watched by analysts and policymakers to gauge the broader economic outlook.
Key Facts
- The index has a base year of 2017.
- Data is released around the 15th of each month.
- The series dates back to 1972.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period, monthly measures the month-over-month percent change in the Federal Reserve's Industrial Production: Capacity Utilization index, a key indicator of U.S. manufacturing activity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides timely insight into the health and direction of the U.S. industrial sector, making it an important data point for economists, investors, and policymakers assessing the broader economic outlook.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this series based on monthly surveys of industrial facilities across the United States.
Q: How is this trend used in economic policy?
A: The growth rate previous period, monthly is closely monitored by the Federal Reserve and other government agencies to gauge the state of manufacturing and shape economic policies and interventions.
Q: Are there update delays or limitations?
A: This series is published on a monthly basis, with data typically released around the 15th of each month. There may be occasional revisions to prior months' figures.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (IRLCP070000GPM), retrieved from FRED.