Production: Industry: Total Industry Excluding Construction for Australia
Growth rate same period previous year
PRINTO01AUA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.40
Year-over-Year Change
-108.72%
Date Range
1/1/1976 - 1/1/2024
Summary
The growth rate same period previous year measures the annual percent change in industrial production. This metric is a key indicator of economic activity and is closely watched by economists and policymakers.
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 industrial production growth rate compares current output to the same month a year ago, providing insight into the pace of economic expansion or contraction. It is a widely used statistic for analyzing trends in the manufacturing sector.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of industrial facilities.
Historical Context
Policymakers use this metric to gauge the health of the economy and inform monetary and fiscal policy decisions.
Key Facts
- The growth rate averaged 5.6% from 1972 to 2022.
- Industrial production has seen periods of both rapid expansion and contraction.
- Changes in this metric often precede shifts in broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: The growth rate same period previous year measures the annual percent change in U.S. industrial production, providing insight into the pace of economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the health of the manufacturing sector and the broader economy, making it closely watched by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of industrial facilities across the country.
Q: How is this trend used in economic policy?
A: Policymakers use this industrial production growth rate to gauge the strength of the economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two months, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (PRINTO01AUA659S), retrieved from FRED.