Producer Prices Index: Economic Activities: Manufacturing: Domestic for Canada
Growth rate same period previous year, Annual
PIEAMP02CAA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.85
Year-over-Year Change
760.19%
Date Range
1/1/1960 - 1/1/2022
Summary
The Growth Rate Same Period Previous Year, Annual trend measures the year-over-year change in a specific economic indicator, providing insights into the pace of economic growth or decline.
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 annual growth rate metric compares the current year's value of an economic indicator to the previous year's value for the same period, offering a standardized way to analyze economic performance over time.
Methodology
The data is calculated based on official government statistics and economic surveys.
Historical Context
Policymakers and analysts use this trend to assess the overall health and trajectory of the economy.
Key Facts
- The growth rate is expressed as a percentage change.
- This metric allows for comparison across different economic variables.
- Annual data provides a longer-term perspective on economic trends.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Same Period Previous Year, Annual trend measures the year-over-year change in a specific economic indicator, such as GDP, employment, or consumer prices.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the pace and direction of economic growth, which informs policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is calculated based on official government statistics and economic surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the overall health and trajectory of the economy, which can inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is typically released on a regular schedule, but there may be occasional delays or revisions due to the nature of economic data collection and reporting.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (PIEAMP02CAA659N), retrieved from FRED.