Production: Industry: Total Industry Excluding Construction for United States
Growth rate previous period, Annual
PRINTO01USA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.27
Year-over-Year Change
-108.87%
Date Range
1/1/1920 - 1/1/2024
Summary
The 'Growth rate previous period, Annual' measures the year-over-year change in output. It is a key economic indicator used to assess the pace of growth or contraction in the overall 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 annual growth rate metric provides insight into the trajectory of the economy, allowing policymakers and analysts to evaluate economic performance and identify potential risks or opportunities.
Methodology
The data is calculated based on official government statistics and national account data.
Historical Context
Policymakers and investors closely monitor this trend to inform economic decision-making and investment strategies.
Key Facts
- The U.S. annual growth rate averaged 2.3% from 2010-2019.
- Growth rates can signal economic expansion or contraction.
- Negative annual growth rates indicate a recession.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Annual' measures the year-over-year change in the overall level of economic output or production.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the pace of economic growth, providing valuable insights for policymakers, investors, and analysts seeking to understand the trajectory of the economy.
Q: How is this data collected or calculated?
A: The data is calculated based on official government statistics and national account data.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this trend to inform decisions on fiscal and monetary policy, as well as to assess the overall health of the economy.
Q: Are there update delays or limitations?
A: The data is typically reported on a quarterly or annual basis, with some potential for delays in the release of official statistics.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (PRINTO01USA657S), retrieved from FRED.