Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted
PRINTO01G7A659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.20
Year-over-Year Change
-107.39%
Date Range
1/1/1961 - 1/1/2016
Summary
This annual, not seasonally adjusted economic trend measures the growth rate of industrial production compared to the same period the previous year. It provides insight into the pace of manufacturing and industrial activity in the U.S. 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 Growth Rate Same Period Previous Year metric tracks the year-over-year change in industrial production, a key indicator of economic health and business cycle dynamics. It is closely watched by economists, policymakers, and market analysts to assess the strength and trajectory of the manufacturing sector.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on monthly surveys of industrial facilities.
Historical Context
This industrial production growth rate is a leading indicator used to inform monetary and fiscal policy decisions.
Key Facts
- Industrial production accounts for about 20% of the U.S. GDP.
- The growth rate reached a high of 12.2% in 2021 after the COVID-19 recession.
- Negative growth rates signal potential economic slowdowns or recessions.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year growth rate of industrial production in the United States, providing insight into the pace of manufacturing and broader economic activity.
Q: Why is this trend relevant for users or analysts?
A: The industrial production growth rate is a closely watched indicator that helps economists, policymakers, and investors assess the strength and trajectory of the U.S. manufacturing sector and broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated monthly by the U.S. Federal Reserve based on surveys of industrial facilities across the country.
Q: How is this trend used in economic policy?
A: The industrial production growth rate is used by the Federal Reserve and other policymakers to inform monetary and fiscal policy decisions aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve with a typical 2-3 week delay, and may be subject to revisions as more complete information becomes available.
Related Trends
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Infra-Annual Labor Statistics: Unemployment Female: 15 Years or over for G7
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted (PRINTO01G7A659S), retrieved from FRED.