Production: Industry: Total Industry Excluding Construction for Ireland
Growth rate same period previous year, Annual
PRINTO01IEA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5.36
Year-over-Year Change
466.81%
Date Range
1/1/1977 - 1/1/2024
Summary
The 'Growth rate same period previous year, Annual' metric measures the year-over-year change in industrial production, providing insight into the broader economic climate.
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 annual growth rate indicator tracks the percentage change in industrial production compared to the same period in the previous year. It offers economists and policymakers a high-level view of production trends and can signal shifts in economic activity.
Methodology
The data is calculated by the U.S. Federal Reserve based on monthly industrial production surveys.
Historical Context
This metric is widely used to assess the health of the manufacturing sector and overall economic conditions.
Key Facts
- Annual growth rate averaged 2.7% from 1948-2022.
- The metric reached a high of 17.4% in 1973 and a low of -13.4% in 2009.
- Positive growth indicates an expanding industrial sector and economy.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Annual' measures the year-over-year percentage change in industrial production.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health of the manufacturing sector and broader economic conditions, making it a key indicator for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on monthly industrial production surveys.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this indicator to assess the state of the economy and inform decisions related to monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The annual growth rate data is released on a monthly basis with a typical lag of one to two months.
Related Trends
Harmonized Index of Consumer Prices: Overall Index Excluding Tobacco for Ireland
00XTOBIEM086NEST
Harmonized Index of Consumer Prices: All-Items HICP for Ireland
CP0000IEM086NEST
Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Ireland
IRSTCI01IEM156N
Value of Exports to Ireland from Utah
UTIRLA052SCEN
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Ireland
CPGREN01IEQ659N
Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing: Total for Ireland
IRLCP040100GPQ
Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (PRINTO01IEA659S), retrieved from FRED.