Production: Construction: Total for Austria
Growth rate previous period, Annual
PRCNTO01ATA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.38
Year-over-Year Change
-143.31%
Date Range
1/1/1997 - 1/1/2024
Summary
The annual growth rate previous period measures the year-over-year change in a selected economic indicator. This metric is critical for economists and policymakers to assess the trajectory of the economy.
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 annual growth rate previous period represents the percent change in a variable compared to the same period one year ago. This allows analysts to identify broad trends and turning points in the economy by filtering out short-term volatility.
Methodology
The data is calculated based on the percent change between the current period and the same period from the previous year.
Historical Context
Policymakers and market participants closely monitor this indicator to gauge the overall health and direction of the economy.
Key Facts
- The growth rate can be positive, negative, or zero.
- This metric is seasonally adjusted to remove regular fluctuations.
- The data is published monthly by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The annual growth rate previous period measures the year-over-year change in a selected economic indicator, providing insight into the economy's trajectory.
Q: Why is this trend relevant for users or analysts?
A: This metric is critical for economists and policymakers to assess the overall health and direction of the economy by identifying broad trends and turning points.
Q: How is this data collected or calculated?
A: The data is calculated based on the percent change between the current period and the same period from the previous year.
Q: How is this trend used in economic policy?
A: Policymakers and market participants closely monitor this indicator to gauge the overall health and direction of the economy, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Federal Reserve with minimal delay, providing timely insight into economic trends.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (PRCNTO01ATA657S), retrieved from FRED.