Growth Rate Same Period Previous Year, Monthly, Seasonally Adjusted
XTEXVA01G7M659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.11
Year-over-Year Change
319.29%
Date Range
1/1/1971 - 8/1/2017
Summary
The Growth Rate Same Period Previous Year, Monthly, Seasonally Adjusted measures the year-over-year change in an economic indicator, providing insights into the pace and direction of economic growth.
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 tracks the percentage change in an economic variable between the current month and the same month in the previous year, after adjusting for seasonal factors. It is a key indicator used by economists and policymakers to analyze economic performance and guide decision-making.
Methodology
The data is calculated by the U.S. Federal Reserve based on primary economic statistics.
Historical Context
This metric informs monetary and fiscal policy, as well as business and investment strategies.
Key Facts
- The data is released monthly by the U.S. Federal Reserve.
- This metric can signal emerging economic trends and turning points.
- Year-over-year comparisons help control for seasonal variations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in an economic indicator, providing insights into the pace and direction of economic growth.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial input for economists and policymakers to assess economic performance and guide decision-making.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on primary economic statistics.
Q: How is this trend used in economic policy?
A: This metric informs monetary and fiscal policy, as well as business and investment strategies.
Q: Are there update delays or limitations?
A: The data is released monthly with no significant delays, providing timely insights into economic conditions.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Monthly, Seasonally Adjusted (XTEXVA01G7M659S), retrieved from FRED.