Growth Rate Same Period Previous Year, Monthly
PIEAMP02O1M659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.90
Year-over-Year Change
-1400.00%
Date Range
1/1/1983 - 9/1/2017
Summary
This economic trend measures the growth rate of Personal Income Excluding Current Transfer Receipts compared to the same period one year prior, on a monthly basis. It provides insights into the underlying strength and stability of personal income, a key indicator of consumer spending and 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
The Growth Rate Same Period Previous Year, Monthly trend tracks the year-over-year percent change in Personal Income Excluding Current Transfer Receipts. This metric helps economists and policymakers assess the momentum of personal income growth, which influences consumer confidence, spending patterns, and broader macroeconomic trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the Personal Income and Outlays report.
Historical Context
This trend is widely used by economists, analysts, and policymakers to monitor the health of the U.S. economy and guide decision-making.
Key Facts
- Personal income excludes government transfer payments.
- The year-over-year growth rate averaged 5.4% from 1959 to 2022.
- Healthy personal income growth supports consumer spending and economic expansion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in Personal Income Excluding Current Transfer Receipts on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: Personal income growth is a key indicator of consumer spending power and economic vitality, making this trend important for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the monthly Personal Income and Outlays report.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this trend to assess the overall health of the economy and make informed decisions regarding monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Economic Analysis, with a typical delay of about a month from the reference period.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Monthly (PIEAMP02O1M659N), retrieved from FRED.