Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Total for Norway
Growth rate previous period, Monthly
NORPIEAMI01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-27.36
Year-over-Year Change
1104.26%
Date Range
2/1/1977 - 1/1/2023
Summary
The growth rate previous period, monthly measures the month-over-month change in personal income excluding transfer payments. This metric provides insight into the strength of consumer spending and overall economic conditions.
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 from the U.S. Bureau of Economic Analysis tracks the monthly percent change in personal income excluding government transfer payments. It is a key indicator of consumer purchasing power and a leading signal for broader economic growth.
Methodology
The data is calculated based on monthly surveys of personal income and transfer payments.
Historical Context
The growth rate previous period, monthly is closely watched by economists, policymakers, and financial markets to assess consumer confidence and the trajectory of the broader economy.
Key Facts
- Personal income excluding transfer payments accounts for over 80% of total personal income.
- The growth rate previous period, monthly has averaged 0.3% since 2000.
- Month-over-month changes in this metric can signal shifts in consumer confidence and spending.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period, monthly measures the month-over-month percent change in personal income excluding government transfer payments.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer purchasing power and is a leading indicator for broader economic growth and spending patterns.
Q: How is this data collected or calculated?
A: The data is calculated based on monthly surveys of personal income and transfer payments conducted by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The growth rate previous period, monthly is closely watched by economists and policymakers to assess consumer confidence and the trajectory of the broader economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month delay.
Related Trends
Sales: Retail Trade: Total Retail Trade: Volume for Norway
SLRTTO01NOQ659S
Real Broad Effective Exchange Rate for Norway
RBNOBIS
Population (LFS Basis): All Ages: Males for Norway
LFPOTTMANOQ647S
Bank's Cost to Income Ratio for Norway
DDEI07NOA156NWDB
Production, Sales, Work Started and Orders: Construction Work Started on Dwellings: Economic Activity: Construction of Buildings for Norway
NORWSCNDW01IXOBSAM
Harmonized Index of Consumer Prices: Coffee, Tea and Cocoa for Norway
CP0121NOM086NEST
Citation
U.S. Bureau of Economic Analysis, Growth rate previous period, Monthly (NORPIEAMI01GPM), retrieved from FRED.