Composite Leading Indicators: Composite Leading Indicator (CLI) Trend Restored for Japan
Growth rate same period previous year
JPNLOLITOTRGYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.11
Year-over-Year Change
-443.38%
Date Range
2/1/1961 - 8/1/2023
Summary
The growth rate same period previous year measures the year-over-year change in a given economic indicator, providing insights into long-term trends and momentum.
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 metric compares the current value of an economic series to its value from the same period in the previous year, expressed as a percentage change. It is a widely used indicator to analyze and interpret economic conditions and performance over time.
Methodology
The data is calculated by the relevant statistical agency by comparing the current period's value to the corresponding prior-year period.
Historical Context
Policymakers and analysts closely monitor this growth rate to gauge the trajectory of the economy and make informed decisions.
Key Facts
- The growth rate can be positive, negative, or zero, indicating expansion, contraction, or stagnation, respectively.
- Year-over-year growth rates help smooth out seasonal fluctuations in economic data.
- This metric is a leading indicator used to forecast future economic conditions.
FAQs
Q: What does this economic trend measure?
A: The growth rate same period previous year measures the percentage change in an economic indicator compared to the same period in the prior year, providing insights into long-term trends and momentum.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by policymakers, economists, and market analysts to assess the trajectory of the economy and make informed decisions about economic policy and investment strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the relevant statistical agency by comparing the current period's value to the corresponding prior-year period.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this growth rate to gauge the overall health of the economy and make decisions about monetary and fiscal policies that can influence economic conditions.
Q: Are there update delays or limitations?
A: The timeliness and availability of this data may vary depending on the specific economic indicator and the statistical agency responsible for its collection and publication.
Related Trends
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JPNCP040000IXNBM
Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Japan
LRAC24TTJPQ156S
Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: New Vacancies for Japan
LMJVTTNVJPM647S
Production: Industry: Total Industry Excluding Construction for Japan
PRINTO01JPQ657S
Use of Financial Services Deposit Accounts: Household Accounts at Commercial Banks for Japan
JPNFCAODCHNUM
Leading Indicators OECD: Component Series: Construction: Normalised for Japan
JPNLOCODWNOSTSAM
Citation
U.S. Federal Reserve, Growth rate same period previous year (JPNLOLITOTRGYSAM), retrieved from FRED.