Sales: Retail Trade: Total Retail Trade: Volume for Sweden
Growth rate same period previous year, Monthly
SWESLRTTO01GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.35
Year-over-Year Change
-26.28%
Date Range
1/1/1961 - 9/1/2023
Summary
The 'Growth rate same period previous year, Monthly' trend measures the year-over-year change in a monthly economic indicator. This provides insight into the direction and pace of economic growth over time.
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 metric compares the current month's value to the corresponding month from the previous year. It is a widely used indicator for analyzing economic momentum and business cycle dynamics.
Methodology
The data is calculated directly from the original monthly time series.
Historical Context
Policymakers and analysts closely monitor this type of year-over-year growth rate to inform economic forecasting and decision-making.
Key Facts
- The growth rate can be positive, negative, or zero.
- Sustained positive growth indicates an expanding economy.
- Negative growth signals an economic contraction or recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in a monthly economic indicator. It provides insight into the direction and pace of economic growth over time.
Q: Why is this trend relevant for users or analysts?
A: This growth rate metric is widely used to analyze economic momentum and business cycle dynamics, informing forecasting and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated directly from the original monthly time series.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this type of year-over-year growth rate to inform economic forecasting and decision-making.
Q: Are there update delays or limitations?
A: The data is released monthly with minimal delays, providing timely insight into economic conditions.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (SWESLRTTO01GYSAM), retrieved from FRED.