Producer Prices Index: Economic Activities: Manufacturing: Domestic for OECD
Growth rate same period previous year, Monthly
OECDPIEAMP02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.91
Year-over-Year Change
-16.92%
Date Range
1/1/1983 - 12/1/2022
Summary
The Growth Rate Same Period Previous Year, Monthly is an economic indicator that measures the percent change in a variable compared to the same month in the previous year. This metric helps economists and policymakers analyze long-term trends in economic 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 indicator tracks the year-over-year growth rate of a variable, typically GDP or industrial production. Analyzing these growth rates provides insights into the pace and direction of the broader economy over time.
Methodology
The data is calculated by the OECD based on monthly economic time series.
Historical Context
Growth rate trends are closely monitored by central banks, governments, and market analysts to inform policy decisions and investment strategies.
Key Facts
- The metric is reported on a monthly basis.
- Growth rates can be positive or negative.
- Year-over-year comparisons control for seasonal effects.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Same Period Previous Year, Monthly measures the percent change in a variable, such as GDP or industrial production, compared to the same month in the previous year.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the long-term direction and pace of economic growth, which is crucial information for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on monthly economic time series.
Q: How is this trend used in economic policy?
A: Growth rate trends are closely monitored by central banks, governments, and market analysts to inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The OECD publishes the data on a monthly basis, with some potential for minor delays in the release of the latest figures.
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Citation
OECD, Growth rate same period previous year, Monthly (OECDPIEAMP02GYM), retrieved from FRED.