Producer Prices Index: Economic Activities: Manufacturing: Domestic for Ireland
Growth rate same period previous year, Annual
PIEAMP02IEA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.60
Year-over-Year Change
454.49%
Date Range
1/1/1969 - 1/1/2022
Summary
This economic trend measures the annual growth rate of a specific indicator compared to the same period in the previous year. It provides insights into the pace and direction of economic changes over time.
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
The growth rate same period previous year, Annual metric tracks the year-over-year percentage change in an economic indicator. This measure is widely used by economists and policymakers to analyze trends, evaluate economic performance, and inform decision-making.
Methodology
The data is calculated by the U.S. Federal Reserve based on underlying economic indicators.
Historical Context
This trend is closely monitored for its implications on consumer behavior, investment decisions, and broader macroeconomic conditions.
Key Facts
- The metric is reported on an annual basis.
- It can signal acceleration or deceleration in economic activity.
- Changes in this trend are closely watched by policymakers and investors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual growth rate of a specific economic indicator compared to the same period in the previous year.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the pace and direction of economic changes, which is crucial for decision-making by policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on underlying economic indicators.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists and policymakers to analyze economic performance, evaluate the effectiveness of policies, and inform future decision-making.
Q: Are there update delays or limitations?
A: The data is reported on an annual basis, so there may be a delay in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (PIEAMP02IEA659N), retrieved from FRED.