Producer Prices Index: Type of Goods: Consumer Goods: Total for Luxembourg
Growth rate previous period, Monthly
LUXPITGCG01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.97
Year-over-Year Change
-46.25%
Date Range
2/1/1995 - 12/1/2022
Summary
The growth rate previous period, monthly measures the month-over-month change in the total industrial production index, a key indicator of overall economic activity.
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 monthly percent change in the U.S. total industrial production index, which captures output across manufacturing, mining, and utilities. It is a timely and widely followed metric for monitoring the health of the broader economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
The industrial production growth rate is closely watched by policymakers, analysts, and markets as a gauge of economic momentum.
Key Facts
- The index covers approximately 75% of total industrial production in the United States.
- Monthly industrial production growth tends to be volatile, exhibiting both positive and negative readings.
- Changes in the industrial production index can signal shifts in the broader economy, influencing monetary and fiscal policy decisions.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period, monthly measures the month-over-month change in the U.S. total industrial production index, a comprehensive indicator of output across manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The industrial production growth rate is a widely followed and timely metric for assessing the health and momentum of the broader U.S. economy, making it relevant for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities across the country.
Q: How is this trend used in economic policy?
A: Changes in the industrial production growth rate are closely monitored by the Federal Reserve and other policymakers as an indicator of overall economic conditions, influencing monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The industrial production data is released on a monthly basis, with a typical lag of around six weeks between the end of the reference month and the publication of the latest figures.
Related Trends
People 15 Years and Over Saving at a Financial Institution in the Past Year for Luxembourg
DDAI06LUA156NWDB
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Luxembourg
CPALTT01LUA659N
Consumer Price Index: OECD Groups: Housing: Housing Excluding Imputed Rentals for Housing for Luxembourg
LUXCPGRHO02GPM
Total Credit to Non-Financial Sector, Adjusted for Breaks, for Luxembourg
QLUCAM770A
Harmonized Index of Consumer Prices: Package Holidays for Luxembourg
CP0960LUM086NEST
Production: Energy: Production and Distribution of Electricity, Gas, Steam, and Air Conditioning: Total for Luxembourg
LUXPREND401IXEBSAM
Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (LUXPITGCG01GPM), retrieved from FRED.