Production: Manufacturing: Total Manufacturing for Czech Republic
Growth rate previous period, Annual
PRMNTO01CZA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.23
Year-over-Year Change
-96.99%
Date Range
1/1/1992 - 1/1/2023
Summary
The growth rate previous period, annual measures the year-over-year change in economic indicators. It is a key metric used by economists and policymakers to analyze economic performance and inform policy decisions.
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 trend calculates the percent change in an economic variable compared to the same period in the prior year. It provides insights into the underlying momentum and trajectory of the economy, signaling acceleration, deceleration, or stability.
Methodology
The data is calculated by the U.S. Federal Reserve based on reported economic indicators.
Historical Context
Policymakers and analysts closely monitor this trend to gauge the overall health and direction of the economy.
Key Facts
- The growth rate previous period, annual is reported as a percentage change.
- This metric can signal a potential economic slowdown or expansion.
- Positive growth rates indicate an expanding economy, while negative rates signal contraction.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period, annual measures the year-over-year percent change in economic indicators, providing insights into the underlying momentum of the economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key metric used by economists and policymakers to analyze economic performance and inform policy decisions, as it signals acceleration, deceleration, or stability in the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on reported economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to gauge the overall health and direction of the economy, which informs their decisions and actions.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis, but there may be occasional delays or revisions due to the nature of economic data collection and reporting.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (PRMNTO01CZA657S), retrieved from FRED.