Sales: Retail Trade: Total Retail Trade: Volume for Ireland
Growth rate same period previous year
SLRTTO01IEQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.36
Year-over-Year Change
-63.73%
Date Range
1/1/1969 - 10/1/2023
Summary
The growth rate same period previous year tracks the year-over-year percent change in a given economic indicator. This metric is useful for economists and policymakers to assess the trajectory of economic conditions.
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 growth rate measure compares the current value of an economic variable to its value from the same period in the prior year. It provides insight into the pace of economic expansion or contraction relative to the previous year's activity.
Methodology
The growth rate is calculated as the percent change between the current period's value and the corresponding prior year's value.
Historical Context
Analysts and policymakers use this metric to monitor the business cycle and make informed decisions.
Key Facts
- The growth rate can signal economic acceleration or deceleration.
- It is commonly used to analyze trends in GDP, industrial production, and other key metrics.
- Year-over-year growth rates help control for seasonal fluctuations in the data.
FAQs
Q: What does this economic trend measure?
A: The growth rate same period previous year tracks the percent change in an economic indicator compared to the same period in the prior year.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the pace of economic expansion or contraction relative to the previous year, which is useful for monitoring the business cycle and making informed policy decisions.
Q: How is this data collected or calculated?
A: The growth rate is calculated as the percent change between the current period's value and the corresponding prior year's value.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess the trajectory of economic conditions and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The growth rate data is subject to the same update schedules and potential revisions as the underlying economic indicators.
Related Trends
Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Ireland
IRLFCAODCANUM
Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Ireland
IRLFCLODCGGDPPT
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Ireland
CPGRLE01IEQ659N
Nominal Imports of Goods and Services for Ireland
NMXDCIRA
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Ireland
IRLCPHPSE01IXOBM
Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Ireland
IRLCP030000IXNBM
Citation
U.S. Federal Reserve, Growth rate same period previous year (SLRTTO01IEQ659S), retrieved from FRED.