Producer Prices Index: Economic Activities: Manufacturing: Domestic for Ireland
Growth rate same period previous year, Quarterly
PIEAMP02IEQ659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.68
Year-over-Year Change
489.97%
Date Range
1/1/1969 - 10/1/2022
Summary
This economic trend measures the year-over-year growth rate of personal income, calculated on a quarterly basis. It provides insights into the pace of change in consumer purchasing power, which is a key indicator of economic activity and consumer demand.
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 personal income growth rate same period previous year, quarterly metric tracks the annual percent change in personal income, which includes all income received by individuals from all sources. This helps economists and policymakers assess the overall health of the consumer economy and household financial conditions.
Methodology
The data is calculated and published by the U.S. Bureau of Economic Analysis based on surveys and economic records.
Historical Context
Policymakers and analysts use this trend to inform decisions around monetary and fiscal policy, as well as to project consumer spending and broader economic performance.
Key Facts
- Personal income includes wages, salaries, business income, government transfers, and investment earnings.
- The year-over-year growth rate averaged 4.9% from 1948 to 2022.
- Personal income growth is a leading indicator of consumer spending and broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in personal income, providing insights into the growth of consumer purchasing power.
Q: Why is this trend relevant for users or analysts?
A: Personal income growth is a key indicator of the health of the consumer economy and a leading predictor of consumer spending and broader economic performance.
Q: How is this data collected or calculated?
A: The data is calculated and published by the U.S. Bureau of Economic Analysis based on surveys and economic records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to inform decisions around monetary and fiscal policy, as well as to project consumer spending and broader economic conditions.
Q: Are there update delays or limitations?
A: The personal income growth data is released quarterly with a delay of approximately one month.
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Geographical Outreach: Key Indicators ATMs Per 1000 Km2 for Ireland
IRLFCAKNUM
Infra-Annual Labor Statistics: Employment: Economic Activity: Services: Total for Ireland
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People 15 Years and Over Saving at a Financial Institution in the Past Year for Ireland
DDAI06IEA156NWDB
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SRVRPPIEM086NEST
Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (PIEAMP02IEQ659N), retrieved from FRED.