Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Ireland
Contribution to growth rate, over 1 year, Monthly
IRLCP100000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.03
Year-over-Year Change
-7.73%
Date Range
1/1/2010 - 4/1/2025
Summary
The Contribution to growth rate, over 1 year, Monthly measures the contribution of various components to the annual growth rate of total industrial production. It provides insights into the drivers of industrial production growth.
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 year-over-year growth contribution of different industrial sectors, such as manufacturing, mining, and utilities. It is used by economists and policymakers to analyze the composition and dynamics of industrial production in the United States.
Methodology
The data is calculated by the U.S. Federal Reserve using a statistical model to decompose the annual growth rate of total industrial production.
Historical Context
This trend is relevant for understanding the state of the U.S. economy and can inform monetary and fiscal policy decisions.
Key Facts
- The data is released monthly by the U.S. Federal Reserve.
- Positive values indicate a sector's contribution to growth, while negative values indicate a drag on growth.
- The trend can help identify key drivers and turning points in industrial production.
FAQs
Q: What does this economic trend measure?
A: This trend measures the contribution of different industrial sectors, such as manufacturing, mining, and utilities, to the annual growth rate of total industrial production in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the composition and dynamics of industrial production, which is an important indicator of economic health. It can help analysts and policymakers understand the underlying drivers of industrial growth and identify potential areas of strength or weakness in the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using a statistical model to decompose the annual growth rate of total industrial production.
Q: How is this trend used in economic policy?
A: This trend can inform monetary and fiscal policy decisions by providing insights into the state of the U.S. economy and the factors driving industrial production growth.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Federal Reserve, with a typical delay of a few weeks. There may be limitations in the scope of industrial sectors covered or the accuracy of the statistical model used to calculate the trend.
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Citation
U.S. Federal Reserve, Contribution to growth rate, over 1 year, Monthly (IRLCP100000CTGYM), retrieved from FRED.