Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Ireland
Growth rate previous period, Monthly
IRLPIEAFD01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.74
Year-over-Year Change
-79.81%
Date Range
2/1/1995 - 12/1/2022
Summary
The Growth Rate Previous Period, Monthly trend measures the month-over-month change in the growth rate of industrial production in the U.S. This metric is a key indicator of the pace of economic activity and is closely watched by policymakers, economists, and investors.
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 series tracks the month-to-month change in the growth rate of industrial production, which encompasses manufacturing, mining, and electric and gas utilities. It provides an up-to-date snapshot of the manufacturing sector's performance and overall economic momentum.
Methodology
The data is calculated based on the Federal Reserve's monthly industrial production index.
Historical Context
The growth rate trend is used to assess the strength and direction of the U.S. economy, informing monetary and fiscal policy decisions.
Key Facts
- The industrial production index covers approximately 75% of the output of the U.S. industrial sector.
- The growth rate trend has averaged 0.2% per month over the past 10 years.
- Positive growth rates signal an expanding economy, while negative rates indicate a contracting industrial sector.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Monthly trend measures the month-over-month change in the growth rate of industrial production in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a timely indicator of the overall health and direction of the U.S. economy, which is crucial for policymakers, economists, and investors in making informed decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on the Federal Reserve's monthly industrial production index.
Q: How is this trend used in economic policy?
A: The growth rate trend is closely monitored by the Federal Reserve and other policymakers to assess the strength of the manufacturing sector and overall economic momentum, informing monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve, with a typical lag of around a month from the reference period.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (IRLPIEAFD01GPM), retrieved from FRED.