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Growth rate previous period, Monthly

SWEPIEAMI02GPM • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

-4.25

Year-over-Year Change

-161.30%

Date Range

2/1/1990 - 2/1/2023

Summary

The growth rate previous period, monthly measures the month-over-month change in the US nominal personal income excluding transfer payments. This metric is a key indicator of consumer spending and economic health.

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 trend represents the monthly percent change in US personal income excluding government transfers, a core component of consumer spending. It is closely watched by economists and policymakers to gauge the strength of the consumer sector and overall economic activity.

Methodology

The data is collected and calculated by the US Bureau of Economic Analysis through surveys and administrative records.

Historical Context

The growth rate previous period, monthly is used by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.

Key Facts

  • Personal income excluding transfers makes up over 80% of total personal income.
  • The metric reached a low of -12.6% in April 2020 during the COVID-19 pandemic.
  • Growth has averaged 0.4% per month over the past 10 years.

FAQs

Q: What does this economic trend measure?

A: The growth rate previous period, monthly measures the month-over-month percent change in US personal income excluding government transfer payments.

Q: Why is this trend relevant for users or analysts?

A: This metric is a key indicator of consumer spending power and overall economic health, making it closely watched by economists, policymakers, and market analysts.

Q: How is this data collected or calculated?

A: The data is collected and calculated by the US Bureau of Economic Analysis using surveys and administrative records.

Q: How is this trend used in economic policy?

A: The growth rate previous period, monthly is used by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions that impact the broader economy.

Q: Are there update delays or limitations?

A: The data is released monthly with a lag of approximately 1 month.

Related Trends

Citation

U.S. Federal Reserve, Growth rate previous period, Monthly (SWEPIEAMI02GPM), retrieved from FRED.