Production: Construction: Total for Czech Republic
Growth rate same period previous year
PRCNTO01CZA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.15
Year-over-Year Change
-84.94%
Date Range
1/1/1996 - 1/1/2024
Summary
The 'Growth rate same period previous year' metric measures the year-over-year change in a given economic indicator. This key metric provides insights into the trajectory and momentum 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
This growth rate compares the current value of an economic indicator to its value from the same period in the previous year. It is widely used by economists and policymakers to analyze trends and assess the overall health of the economy.
Methodology
The data is calculated by the U.S. Federal Reserve based on underlying economic indicators.
Historical Context
This growth rate is referenced by central banks, government agencies, and private analysts to inform economic policy and investment decisions.
Key Facts
- The growth rate can signal economic acceleration or deceleration.
- This metric is seasonally adjusted to account for regular fluctuations.
- Year-over-year growth rates help mitigate the impact of short-term volatility.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year' measures the year-over-year change in a given economic indicator, providing insights into the trajectory and momentum of the economy.
Q: Why is this trend relevant for users or analysts?
A: This growth rate is widely used by economists and policymakers to analyze trends and assess the overall health of the economy, informing economic policy and investment decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on underlying economic indicators.
Q: How is this trend used in economic policy?
A: This growth rate is referenced by central banks, government agencies, and private analysts to inform economic policy and investment decisions.
Q: Are there update delays or limitations?
A: The data is seasonally adjusted to account for regular fluctuations, helping to mitigate the impact of short-term volatility.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (PRCNTO01CZA659S), retrieved from FRED.