International Merchandise Trade Statistics: Imports: Commodities for Luxembourg
Growth rate same period previous year, Monthly, Seasonally Adjusted
XTIMVA01LUM659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.68
Year-over-Year Change
-211.11%
Date Range
1/1/1989 - 5/1/2025
Summary
This economic trend measures the year-over-year growth rate in manufacturing production, providing insights into the industrial sector's performance.
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
The growth rate same period previous year for manufacturing production is a key indicator of the industrial economy's momentum. It compares the current month's manufacturing output to the same month a year earlier, adjusting for seasonal factors.
Methodology
The Federal Reserve collects and calculates this index based on survey data from manufacturing facilities.
Historical Context
Policymakers and analysts monitor this metric to assess the health and trajectory of the U.S. industrial base.
Key Facts
- The series is seasonally adjusted to account for predictable intra-year fluctuations.
- Manufacturing accounts for about 11% of U.S. GDP.
- This metric helps policymakers assess the industrial sector's contribution to overall economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate in U.S. manufacturing production, providing insights into the performance of the industrial sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by policymakers, economists, and investors as a key indicator of the health and trajectory of the U.S. industrial base.
Q: How is this data collected or calculated?
A: The Federal Reserve collects and calculates this index based on survey data from manufacturing facilities across the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to assess the industrial sector's contribution to overall economic performance and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of around 6 weeks from the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly, Seasonally Adjusted (XTIMVA01LUM659S), retrieved from FRED.