Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Turkey
Growth rate previous period, Quarterly
TURPIEAFD02GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.32
Year-over-Year Change
96356.14%
Date Range
4/1/1994 - 10/1/2022
Summary
The Quarterly Growth Rate Previous Period measures the quarter-over-quarter percent change in real GDP. This is a key economic indicator used by policymakers and analysts to assess the pace of economic expansion or contraction.
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 series represents the percent change in real gross domestic product (GDP) from the previous quarter, adjusted for inflation. It provides a timely signal of the economy's momentum and is closely watched by the Federal Reserve and other economic forecasters.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Historical Context
The growth rate is a critical input for monetary and fiscal policy decisions.
Key Facts
- The growth rate can be negative, indicating an economic contraction.
- Positive growth above 2-3% is generally considered healthy economic expansion.
- The growth rate is an influential input for the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Growth Rate Previous Period measures the quarter-over-quarter percent change in real GDP, providing a signal of the economy's momentum.
Q: Why is this trend relevant for users or analysts?
A: This growth rate is a critical economic indicator used by policymakers, economists, and investors to assess the pace of economic expansion or contraction.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Q: How is this trend used in economic policy?
A: The growth rate is a key input for monetary and fiscal policy decisions, as it signals the strength of the economy and guides the Federal Reserve's actions.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a short delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (TURPIEAFD02GPQ), retrieved from FRED.