Producer Prices Index: Economic Activities: Manufacturing: Domestic for Russia
Growth rate same period previous year, Monthly
PIEAMP02RUM659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.81
Year-over-Year Change
197.48%
Date Range
1/1/1999 - 1/1/2022
Summary
The 'Growth rate same period previous year, Monthly' trend measures the year-over-year percent change in monthly personal income, excluding transfer payments, for the U.S. economy. This metric provides insight into the pace of growth in personal income, which is a key indicator of consumer spending and economic activity.
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
Personal income, excluding transfer payments, is a measure of the total income earned by individuals from sources such as wages, salaries, and investments, excluding government assistance. Monitoring the year-over-year growth in this metric helps economists and policymakers assess the underlying strength of consumer demand and the overall health of the economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is widely used by analysts and policymakers to inform decisions on monetary and fiscal policy, as well as to gauge consumer confidence and the trajectory of the broader economy.
Key Facts
- The latest annual growth rate was X.X%.
- Personal income, excluding transfers, accounts for approximately Y% of total personal income.
- This metric has shown a consistent upward/downward trend over the past Z months.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Monthly' trend measures the year-over-year percent change in monthly personal income, excluding transfer payments, for the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the year-over-year growth in personal income, excluding transfers, helps economists and policymakers assess the underlying strength of consumer demand and the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is widely used by analysts and policymakers to inform decisions on monetary and fiscal policy, as well as to gauge consumer confidence and the trajectory of the broader economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of X weeks. There may be revisions to previous months' data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (PIEAMP02RUM659N), retrieved from FRED.