International Merchandise Trade Statistics: Imports: Commodities for Norway
Growth rate same period previous year, Annual, Seasonally Adjusted
XTIMVA01NOA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.19
Year-over-Year Change
-132.92%
Date Range
1/1/1958 - 1/1/2024
Summary
This economic trend measures the year-over-year growth rate of value-added in manufacturing, a key indicator of industrial output and economic expansion.
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, annual, and seasonally adjusted metric tracks changes in manufacturing value-added, a comprehensive statistic that reflects production, productivity, and overall economic health.
Methodology
The data is collected through surveys of manufacturing firms and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Manufacturers, policymakers, and analysts closely monitor this trend to assess the strength and trajectory of the industrial sector.
Key Facts
- Manufacturing accounts for over 10% of U.S. GDP.
- The sector experienced a rapid rebound after the COVID-19 recession.
- Sustained positive growth in this metric signals a healthy industrial base.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate in manufacturing value-added, a comprehensive indicator of industrial output and productivity.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing growth rate is a key leading indicator of overall economic health and a closely watched metric by policymakers, investors, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this metric to assess the strength of the industrial sector and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: There can be a several-month lag in the release of this data, and it may be subject to periodic revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual, Seasonally Adjusted (XTIMVA01NOA659S), retrieved from FRED.