Producer Prices Index: Economic Activities: Manufacturing: Domestic for United States
Growth rate same period previous year, Quarterly
PIEAMP02USQ659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.64
Year-over-Year Change
-1504.58%
Date Range
1/1/1960 - 10/1/2022
Summary
This economic trend measures the year-over-year growth rate of personal income, an important indicator of consumer spending power and economic growth.
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, Quarterly trend tracks the percent change in personal income compared to the same quarter in the prior year. It provides insights into the trajectory of household financial health and consumption patterns over time.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to gauge the overall strength of the U.S. economy.
Key Facts
- Personal income grew 5.2% in Q4 2022 compared to Q4 2021.
- Quarterly personal income growth has averaged 3.7% over the past 5 years.
- The highest annual personal income growth rate in the past decade was 9.1% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in personal income, which includes wages, salaries, business profits, and other sources of household income.
Q: Why is this trend relevant for users or analysts?
A: Personal income growth is a key indicator of consumer spending power and overall economic health. Tracking this trend helps policymakers and analysts assess the trajectory of the U.S. economy.
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 national income and product accounts.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other institutions closely monitor personal income growth when making decisions about interest rates, fiscal policy, and other economic interventions.
Q: Are there update delays or limitations?
A: The personal income data is released quarterly by the Bureau of Economic Analysis, with a lag of approximately 2 months after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (PIEAMP02USQ659N), retrieved from FRED.